Howard Lake
The press service of the Ministry of Finance reported that 76.5 million shares of the bank were sold on October 7.
Currently, the government holds 1.33 billion stocks in NatWest, worth 4.63 billion pounds ($6.07 billion) as per Tuesday's closing prices.
Since the start of this year, the bank's market value has risen by over 58% (to 28.9 billion pounds), whereas the FTSE 100 index of British stocks only rose by 6% during the same time frame.
After the financial crisis in 2008, the Royal Bank of Scotland, one of the biggest banks in the country, was taken into public ownership. Taxpayers' money provided the bank with £45.5 billion in financial aid in return for receiving 81% of its shares.
source: ft.com
Currently, the government holds 1.33 billion stocks in NatWest, worth 4.63 billion pounds ($6.07 billion) as per Tuesday's closing prices.
Since the start of this year, the bank's market value has risen by over 58% (to 28.9 billion pounds), whereas the FTSE 100 index of British stocks only rose by 6% during the same time frame.
After the financial crisis in 2008, the Royal Bank of Scotland, one of the biggest banks in the country, was taken into public ownership. Taxpayers' money provided the bank with £45.5 billion in financial aid in return for receiving 81% of its shares.
source: ft.com