Customers use automated teller machines at a Sainsbury's supermarket in London, UK, on Tuesday, Feb. 14, 2023. The Office for National Statistics are due to release the latest UK CPI Inflation data on Wednesday. Photographer: Jose Sarmento Matos/Bloomberg via Getty Images's, the companies said on Thursday, in a deal that would increase the British lender's assets by 2.5 billion pounds .
"NatWest Group has a strong track record of successful integration and we are focused on ensuring a smooth transition for customers."The assets acquired include 1.4 billion pounds in unsecured personal loans, 1.1 billion pounds in credit card balances and about 2.6 billion pounds of customer deposits.
Sainsbury's will retain its commission-income businesses, including insurance, ATMs and travel money, which it described as "capital-light and profitable" with a strong connection to its core retail operations.