Speaking on his GB News show last night, Mr Farage said: “If the new people put in position are simply a continuum of those that went before, and if the £350million of bonuses are being given out to the very people who said vile things about me, if there’s been no recognition and the Travers Smith report into the whole affair was simply a whitewash, then how on earth can we trust this bank to sell shares to the British public when there’s been absolutely no change of culture within that bank whatsoever.

“If NatWest think it’s going to be plain sailing from tomorrow to the public issue in June, well you know what, they might just have me to deal with again.”

The UK Government bailed out NatWest Group, previously known as Royal Bank of Scotland with nearly £46billion during the 2008 financial crisis.

It has been gradually reducing this shareholding from a peak of 84 per cent in 2009, now owning less than 35 per cent – worth around £7billion.

NatWest Group revealed its highest yearly profit since before the 2008 financial crisis today, as it announced its new boss today.

The banking group revealed an operating pre-tax profit of £6.2billion over 2023, the highest profit since the £9.9billion made just before the global financial crisis in 2007.

Mr Thwaite succeeds Dame Alison Rose, who stepped down from the role following the debanking row last year.

NatWest Group’s decision to close Mr Farage’s Coutts account showed “serious failings” in its treatment of the politician, an independent probe found last year.

An investigation by law firm Travers Smith found failures in how it treated confidential information and in its communication with Mr Farage.