Retail Banking Competitor Tracker - March 2009
Datamonitor
April 24, 2009 20 Pages - SKU: DFMN2230558
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Introduction
Datamonitor's Retail Banking Competitor Tracker is a monthly product providing updates on key events relating to major and innovative players in the retail banking sector. Covering events such as M&A activity, market entries and withdrawals, partnerships, product innovation and customer targeting on a global basis, the Retail Banking Competitor Tracker provides succinct summaries of key stories.
Scope- Information on new product developments, mergers and acquisitions, distribution and partnerships.
- Insight on how the major retail banks are adapting to the ever changing economic climate.
Highlights
There was an even split between product innovation and customer targeting, and M&A, partnerships and growth stories in March 2009.
New services replaced new products as the most popular type of news story.
The introduction of Citibank's new Homeowner Unemployment Assist program was an important positive development in the battle against foreclosure.
Reasons to Purchase- Provides invaluable information on your closest competitors' strategies all in one place.
- Keeps track of how the competitive landscape is changing through M&A activities, partnerships and organic growth.
- Detailed insight into new product developments within the retail banking landscape.
Please note: this is delivered as a Zip file.
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- Overview
- Catalyst
- Summary
- Methodology
- Table of Contents
- Introduction
- This tracker provides both one-month and 12-month views of developments
- Each month, Datamonitor tracks the most relevant announcements from 79 competitors
- Datamonitor's Retail Banking team provides analysis of the key developments at both the one-month and 12-month level
- A fully searchable database of the past 12 months of developments is also delivered alongside the report
- Key trends and developments in March
- Retail banking players are making some bold moves to adapt to the ever-changing economic environment
- Nationwide's entry into the Irish Republic may be a strategic move to access ECB funding
- Citibank's move to help customers stay in their homes is a positive step but may not be enough
- FNB's interactive website is a good way to strengthen the relationship between a bank and its customers
- Activity was up in the retail banking market in March compared to the previous month
- The two overarching news story themes were equal in number in March 2009
- The overwhelming majority of news stories originated from Asia Pacific or Western Europe
- New services replaced new products as the most common news story
- M&A, Partnerships and Organic Growth
- Australia and New Zealand Banking Group
- China: ANZ announces growth plan in China
- Indonesia: ANZ launches its new global brand in Indonesia
- BNP Paribas
- Belgium, Luxembourg: new terms governing the acquisition of Fortis's activities
- France: BNP Paribas develops retail banking in the Mediterranean basin
- Citibank
- China: Citi announces the opening of a new lending company in Hubei Province
- Deutsche Bank
- Germany: Deutsche Bank partners with Luup International to provide mobile payment services
- HSBC
- China: HSBC expands its rural bank network
- US: HSBC Finance announces closure of consumer lending business
- Nationwide Building Society
- Ireland: Nationwide Building Society opens a new branch in Ireland
- Sumitomo Mitsui Banking Corporation
- Japan: agreement on merger between Kansai Urban Banking Corporation and Biwako Bank
- Swedbank
- Sweden: Sparbanken Nord acquires Swedbank's four local branch offices
- Sweden: Eskilstuna Rekarne Sparbank acquires two of Swedbank's local branch offices
- United Overseas Bank Limited
- Singapore: United Overseas Bank partners with SingPost to provide HDB Home Loans
- Product, Services and Innovation
- Alliance & Leicester
- UK: Alliance & Leicester extends incentive to new current account holders
- Banco Sabadell
- Spain: Banco Sabadell introduces changes in mortgages for young customers
- Citibank
- Russia: Citibank introduces machine-based cash deposits without using a card
- Thailand: Citigold customers to have access to new international SOS service offering global medical support
- US: Citi takes initiative to help recently unemployed borrowers stay in their homes
- Commonwealth Bank of Australia
- Australia: Commonwealth Bank launches mobile phone banking services
- First National Bank
- South Africa: First National Bank launches interactive financial information hub
- Maybank
- Singapore: Maybank rolls out a home loan refinancing package
- National Australia Bank
- Australia: NAB introduces small loans pilot
- Nationwide Building Society
- UK: Nationwide announces new mortgage deals
- Standard Bank of South Africa
- Uganda: MTN and Stanbic Bank Uganda launch mobile banking
- St.George Bank
- Australia: St.George introduces mobile banking services for iPhone and iPod Touch
- Yorkshire Building Society
- UK: Yorkshire Building Society re-enters mortgage market with new products
- Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: The 79 companies and subsidiaries covered by Datamonitor's Retail Banking Competitor Tracker
- Table 2: List of banks tracked , table 1 of 2
- Table 3: List of banks tracked, (table 2 of 2)
- List of Figures
- Figure 1: There was an even split between the news stories in March 2009
- Figure 2: Asia-Pacific dominated the news stories in March 2009, closely followed by Western Europe
- Figure 3: New services were the most common story in March 2009, with a noticeable increase compared to February
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