On the Record · NatWest Group
NatWest Group acquisitions, on the record
The businesses NatWest Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
UBIDAC businessWord for word“Four legally binding agreements for the sale of the UBIDAC business have been announced as part of the phased withdrawal from the Republic of Ireland.” 20-F for 2023 | agreed divestiture | — | — |
Vodeno LimitedWord for word“In 2022, NatWest Group acquired £ 146 million of equity shares in Permanent TSB p.l.c as part consideration on the sale of certain assets and £ 26 million of equity shares in Vodeno Limited.” 20-F for 2023 | acquisition | 2022 | £ 26 million of equity shares |
Metro Bank mortgage portfolioWord for word“Net loans to customers excluding central items of £368.5 billion increased by £12.9 billion in the year compared to £355.6 billion in 2023 largely reflecting £10.0 billion of growth in Commercial & Institutional due to an increase in term loan facilities and growth in Corporate & Institutions, net of £2.0 billion of UK Government scheme repayments; and a £3.2 billion increase in Retail Banking, including £2.2 billion in respect of the Metro Bank mortgage portfolio acquisition.” 20-F for 2024 | acquisition | — | — |
Sainsbury's Bank unsecured portfoliosWord for word“Growth in 2025 was a result of continuing organic demand across Personal as well as the acquisition and integration of Sainsbury ’ s Bank unsecured portfolios.” 20-F for 2025 | acquisition | — | — |
Sainsbury's Bank credit card and personal loan portfoliosWord for word“Unsecured lending grew overall, driven by continuing growth in prime quality whole of market lending and balance transfer credit card segments, as well as the acquisition of Sainsbury’s Bank credit card and personal loan portfolios.” 20-F for 2025 | acquisition | — | — |
Read from NatWest Group’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-17. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.