Due to ring-fencing legislation in the United Kingdom, RBS International has changed its trading name from NatWest to NatWest International across the Channel Islands, Isle of Man and Gibraltar.
There is no change to its banking services or how its customers do business with the bank. Teams will continue to deliver the same level of service that customers have come to expect.
The ring-fencing legislation requires RBS International to separate essential banking services from investment banking services by 01 January 2019. It was brought in by the UK Government to strengthen the financial system following the financial crisis that began in 2008. It reduces the possibility that essential banking services are put at risk by a failure in another part of the business such as investment banking.
Over the next 12 months, customers will see the trading name change from NatWest to NatWest International in places such as the bank’s website, online and mobile banking, buildings and ATMs.
Heidi Le Miere, Head of Brand and Marketing, commented: “The introduction of ring-fencing gives us the opportunity to be clearer with our customers about who they’re banking with. We welcome this change as it allows us to be more distinctive in the jurisdictions in which we operate.”