The shareholding in NatWest Group PLC (LSE:NWG) owned by the UK government has now fallen below 1%.
The government stake has dropped to 0.90%, according to a filing that showed the HM Treasury had sold another chunk of shares, meaning full private ownership is likely after the next sale.
This was down from 1.98% at the last update and nearly 40% at the start of 2024.
Last month, the bank's annual shareholder meeting marked the first time since the 2008 financial crisis that UK taxpayers were no longer its largest shareholder.
Chairman Rick Haythornthwaite acknowledged the extraordinary support that helped rescue the lender, formerly known as Royal Bank of Scotland, and effectively amounted to nationalisation during the depths of financial meltdown.
"We remain incredibly grateful to the government, and to UK taxpayers," he said, "for their intervention and support, which protected millions of savers, homeowners and businesses at a time of global crisis."