Retail banking competitor tracker - February 09
Datamonitor
April 1, 2009 21 Pages - SKU: DFMN2218019
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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
The growing emphasis on catering to consumer needs and desires through new product offerings and services designed to maximize customer relationships have explained why product innovation has become more frequent over the past few months.
However, the general split in news stories between the two main themes was more evenly distributed in February.
One standout development was Deutsche Bank taking a minority stake in Postbank, which could be part of an ambitious takeover in the future.
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 about 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 February
- Despite the low level of competitor developments, the retail banking landscape continues to adjust to ever changing market conditions
- Deutsche Bank's minority stake in Postbank could be part of an ambitious takeover in the future
- Swedbank's move to improve its IT shows the importance the bank attaches to achieving cost reductions
- NAB's 'StepUp' program to lend to lower income earners aims to improve reputation and trust
- Overall competitor activity in February was relatively low compared with the previous 12 months
- The general split in news stories between the two main themes was more evenly distributed in February
- Half of all competitor developments originated from Western Europe and a quarter from Asia Pacific
- Similar to the previous month, new product developments were most frequent competitor developments
- M&A, Partnerships and Organic Growth
- Barclays
- UK: Barclays acquires PT Bank Akita
- BNP Paribas
- France: BNP Paribas and Fortis amend terms governing the acquisition
- Citibank
- China: Citi China opens new branch in Hangzhou
- East Africa: Zain ties up with Citibank and Standard Chartered to provide mobile banking service
- Hungary: Citibank opens new branch in Godollo
- Russia: ZAO Citibank opens a new bank in Moscow
- Commonwealth Bank
- Australia: Commonwealth Bank of Australia adds 700 ATMs
- Deutsche Bank
- Germany: Deutsche Bank completes transaction of 50m Deutsche Postbank shares
- Millennium BCP
- Angola: Banco Millennium Angola closes deal with Sonangol and Banco Privado Atlântico
- Nationwide BS
- UK: Nationwide opens a new branch in Albion Street, Leeds
- Swedbank
- Sweden: Swedbank creates a new IT-service unit
- Product, Services and Innovation
- Banco Sabadell
- Spain: Banco Sabadell launches electronic version of its market calendar with Google toolbar
- First National Bank
- South Africa: First National Bank offers student loans for university education
- Lloyds Banking Group
- UK: Halifax launches new Reward Current Account
- UK: Lloyds TSB announces the launch of its three-year mortgage product
- National Australian Bank
- Australia: NAB launches StepUp
- Nationwide Building Society
- UK: Nationwide announces new range of mortgage products
- Northern Rock
- UK: Northern Rock introduces new range of mortgage products
- UK: Northern Rock introduces two year flexible fixed mortgage products
- Oversea-Chinese Banking Corporation
- Singapore: Current and savings account customers to receive cash prizes whenever they save
- Yorkshire Building Society
- UK: Yorkshire Building Society launches new mortgage 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: Compared with previous months, the general split between the news stories was more even in February, 2009
- Figure 2: As expected, Asia Pacific and Western Europe dictated the majority of competitor developments, 2009
- Figure 3: New product developments have become more recurrent over the past two months, 2009
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