Retail Banking Competitor Tracker - March 2009

Published by: Datamonitor

Published: Apr. 24, 2009 - 20 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 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

Abstract

• 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.

• 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.

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