Taxpayer ²Ð·º¡¿ÅÒ¤±¤ë in NatWest Group may be ºï½ü¤¹¤ëd to ¤¤¤Ã¤½¤¦¾¯¤Ê¤¯ than 40% as ºâ̳¾Ê looks to offload billions in ³ô over next 12 months

  • Two ¡ò1.1bn ³ô sales were made by the UK À¯ÉÜ in March and May
  • The ºâ̳¾Ê sold another two tranches ²ÁÃ͡ʤ¬¤¢¤ë¡Ë ¡ò2.5bn each in 2015 and 2018
  • OBR: Taxpayers are ¿äÄꤹ¤ë¡¿Í½ÁÛ¤¹¤ëd to lose?¡ò38.8bn from the sale of NatWest ³ô?

The ºâ̳¾Ê is »Ï¤á¤ë¡¤·è¤á¤ë to sell more of its ²Ð·º¡¿ÅÒ¤±¤ë in NatWest Group in a move that could leave the banking µðÂç¡Ê¤Ê¡Ë in Âç¿¿ô »äŪ¤Ê ½êÍ­¸¢ for the first time since before the Á´À¤³¦¤Î ºâÀ¯¾å¤Î ´íµ¡.

UK À¯ÉÜ Åê»ñs (UKGI), a ºâ̳¾Ê-owned ÃÄÂΡ¿»àÂÎ that ¼£¤á¤ës its NatWest ²Ð·º¡¿ÅÒ¤±¤ë, said it had directed Morgan Stanley to ½ù¡¹¤Ë offload up to 15 per cent of its ³ô over a year-long period from next month.

It means the taxpayer's ½êÍ­¸¢ ²Ð·º¡¿ÅÒ¤±¤ë might ¸º¤º¤ë from the 54.7 per cent it ¸½ºß¡¿°ìÈÌ¤Ë »ý¤Ä¡¿¹´Î±¤¹¤ës to ¤¤¤Ã¤½¤¦¾¯¤Ê¤¯ than 40 per cent, having already fallen by about 7 per cent this year ¤Ë°ú¤­Â³¤¤¤Æ two sell-É餫¤¹¡¿·âÄÆ¤¹¤ës.

Sell-off: The Government said it had directed Morgan Stanley to gradually offload up to 15 per cent of its shares over a year-long period from next month

Sell-off: The À¯ÉÜ said it had directed Morgan Stanley to ½ù¡¹¤Ë offload up to 15 per cent of its ³ô over a year-long period from next month

In March, the ºâ̳¾Ê ȯɽ¤¹¤ëd that it had sold ¡ò1.1billion ²ÁÃ͡ʤ¬¤¢¤ë¡Ë of ³ô »Ù±ç¤¹¤ë to NatWest - °ÊÁ° known as ²¦¼¼¤Î Bank of Scotland (RBS) until July last year - before selling the same ÎÌ two months later.

It sold another two tranches totalling ¡ò2.5billion each in 2015 and 2018 that ºï¸º¡Ê¤¹¤ë¡Ë its ½êÍ­¸¢ ³ô from 78.3 per cent to 62.4 per cent as part of ·×²è¡Ê¤¹¤ë¡Ës to ·ë¶É Ëǰסʤ¹¤ë¡Ë its whole ²Ð·º¡¿ÅÒ¤±¤ë in the ºâÀ¯¾å¤Î services group by 2023-24.

However, these sell-offs ÅÀ²Ð¡Ê¤¹¤ë¡Ëd ¤«¤Ê¤ê¤Î co ntroversy as the ³ô were all Ëǰסʤ¹¤ë¡Ëd at a ½ÅÍ×¤Ê loss compared to the ÉáÄ̤Ρ¿Ê¿¶Ñ¡Ê¤¹¤ë¡Ë 502p-per-³ô price the À¯ÉÜ paid to Êݼá¡Ê¶â¡Ë out RBS over a £±£°Ç¯´Ö ago.

NatWest Group's ³ô ¤Î¶á¤¯¤Ëd Ëǰסʤ¹¤ë¡Ëing 1.4 per cent lower at to 196.7p on Thursday, though they have risen by about 24 per cent since the start of the year.?

¤Ë¤è¤ì¤Ð ºÇ¶á¤Î ¸«Àѡʤë¡Ës from the Office for ͽ»» ÀÕǤ¡¿µÁ̳ (OBR), of the ¡ò45.8billion spent to »Ù¤¨¡Ê¤ë¡Ë up the bank during the ´íµ¡, the taxpayer is ¿äÄꤹ¤ë¡¿Í½ÁÛ¤¹¤ëd to make a loss of ¡ò38.8billion.

Last year, just as the coronavirus ´íµ¡ struck the UK, the ºâ̳¾Ê ²¡¤·¿Ê¤á¤ëd »Ù±ç¤¹¤ë a ºÇ½ª´ü¸Â to sell the entire ²Ð·º¡¿ÅÒ¤±¤ë by a year, to March 2025, as a Á´À¤³¦¤Î sell-off saw ³ô¼°»Ô¾ìs around the globe Êø²õ¡Ê¤¹¤ë¡Ë.?

Saved: NatWest Group was known as RBS until July last year. The UK Government became the bank's majority owner in 2008 after spending ¡ò46.8billion bailing it out

Saved: NatWest Group was known a s RBS until July last year. The UK À¯ÉÜ became the bank's Âç¿¿ô owner in 2008 after spending ¡ò46.8billion Êݼá¡Ê¶â¡Ëing it out? ??

The ºâ̳¾Ê additionally ¹ÔÊýÉÔÌÀ¤Ë¤Ê¤ëd out on a ¡Ê³ô¼ç¤Ø¤Î¡ËÇÛÅö »Ùʧ¤¤¡Ê³Û¡Ë in 2020 when regulators decided to ¶Ø»ß¡Ê¤¹¤ë¡Ë payouts by ºâÀ¯¾å¤Î ²ñ¡¦¸¶Â§s during the ¹â¤µ of the pandemic ¡¼¤¹¤ë¤¿¤á¤Ë ¾×·â¤òϤ餲¤ë¤â¤Î »ñËÜ¡¿¼óÅÔ ºß¸Ë¡¿³ôs and ²ñ¼Ò¤Ë¤¹¤ë¡¿ÁȤ߹þ¤à ²ÄǽÀ­¤Î¤¢¤ë ÂßÉÕ¶â losses.

Those À©¸Âs were ÉôʬŪ¤Ë¡¿ÉÔ¸øÊ¿¤Ë relaxed in December, and NatWest subsequently Àë¸À¤¹¤ëd a ¡Ê³ô¼ç¤Ø¤Î¡ËÇÛÅö in 2021 of 3p a ³ô, ¼êÅϤ¹ing ¡ò225million to the À¯ÉÜ as the biggest ³ô¼ç.

It later Êó¹ð¡Ê¤¹¤ë¡Ë¡¿²±Â¬d pre-ÀǶâ operating Íø±×¡Ê¤ò¤¢¤²¤ë¡Ës »¦Åþ¤¹¤ëd by 82 per cent to ¡ò946million for the first three months of 2021 thanks to ´üÂÔs for ¤è¤ê¾®¿ô¤Î ÂßÉÕ¶âs to turn sour ͽÄê to the pandemic and a jump in mortgage lending and ¸ÜµÒ deposits.

NatWest ¡Êµ¡¤Î¡Ë¥«¥à ¤Î¶á¤¯¤Ë to going ÇË»º¤·¤¿¡¿¡Ê·Ù»¡¤¬¡Ë¼êÆþ¤ì¤¹¤ë in 2008 soon after it bought Dutch bank ABN Amro in 2007 - ¤Ë¤â¤«¤«¤ï¤é¤º Åê»ñ²È ·Ù¹ðs - as part of a ¹ñºÝ¼Ú´¾ÃÄ¡¿Ï¢¹ç in what was the largest °ú¤­·Ñ¤®¡¿Çã¼ý ever in the ºâÀ¯¾å¤Î services »º¶È.

Six months afterwards, it ³«»Ï¤¹¤ë¡¤ÂǤÁ¾å¤²¤ëd a µ­Ï¿¡¤µ­Ï¿Åª¤Ê¡¿µ­Ï¿¤¹¤ë-breaking ¡ò12billion ¸¢Íøs ÌäÂ꡿ȯ¹Ô¤¹¤ë and went on later that year to ȯɽ¤¹¤ë a half-year loss of nearly ¡ò700mllion, its first loss in four £±£°Ç¯´Ös, as a result of credit crunch Îá¾õ-É餫¤¹¡¿·âÄÆ¤¹¤ës of ¡ò5.9billion.

The UK À¯ÉÜ ·ë¶É µß½õ¡Ê¤¹¤ë¡Ëd NatWest and also spent ¡ò20.3billion Êݼá¡Ê¶â¡Ëing out Lloyds Bank. It started selling its ²Ð·º¡¿ÅÒ¤±¤ë in Lloyds, which ¹¶·â¤¹¤ë¡¤¾×ÆÍ¤¹¤ë 43 per cent at its ĺÅÀ¡Ê¤Ë㤹¤ë¡Ë, in 2013 before offloading its remaining ³ô four years ago.

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