NatWest has acquired Sainsbury’s Bank in a deal worth £2.5bn, gaining around 1 million new customers. Sainsbury’s will pay NatWest £125 million as part of the agreement. The takeover will see NatWest taking on significant customer assets, including £2.6 billion in deposits, £1.4 billion in personal loans, and £1.1 billion in credit cards.
“Sainsbury’s to pay NatWest $NWG £125m to take the business off its hands, with the final price to be determined when the deal is completed in early 2025” https://t.co/lxqAGL4iHX
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🇬🇧 NatWest snaps up Sainsbury's Bank in £2.5bn deal https://t.co/Q1vhJLmu7t
🇬🇧 NatWest to take on most of Sainsbury’s Bank https://t.co/DwfTiPOy2A
Sainsbury's, the British grocery giant, agreed to sell its banking business to lender NatWest, which will receive both the customer assets and £125 million in cash. https://t.co/HV1oWRUJZU
NatWest is to take over most of the banking business of supermarket Sainsbury’s in a deal that will boost its assets by £2.5bn and add nearly a million new customers https://t.co/QdxIqYZF5x
More UK banking consolidation: Sainsbury’s pays NatWest £125 million to take on bank arm https://t.co/hmLnGNsxEN ✍️ NatWest will add c. 1M new customers w/ £2.6 B in deposits, £1.4 B personal loans, £1.1 B in credit cards. #banking
💵 NatWest has snapped up Sainsbury’s Bank in a deal worth £2.5bn, clearing the way for the state-owned lender to hoover up an extra 1m customers https://t.co/w170UvnZpE
NatWest warns Sainsbury's Bank customers after 'taking over' accounts https://t.co/FGgrx9dusI
NatWest to acquire Sainsbury's Bank https://t.co/S62c54nydX
NatWest to take on most of Sainsbury’s Bank https://t.co/W85IohHmgm
NatWest swoops on retailer Sainsbury's banking business https://t.co/x5RznV0o6m https://t.co/YfLirHXO5u
NatWest confirms takeover of Sainsbury’s Bank - how will one million customers be affected? https://t.co/PhE8jlXOo2 #NatWest #Sainsburys