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Retail banking competitor tracker - February 09

Published by: Datamonitor

Published: Apr. 1, 2009 - 21 Pages


Table of Contents


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

Abstract

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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