Retail Banking Competitor Tracker - Apr 09

Published by: Datamonitor

Published: May. 19, 2009 - 264 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 APRIL

New activity indicates both renewed confidence and further fall-out from the banking crisis

The Britannia and Co-operative merger may herald further consolidation in the mutual sector

Nationwide announces controversial plans to introduce higher SVR for new mortgage customers

New mortgage products may presage a return to normality in the banking sector

Further moves towards electronic banking in South Africa and Norway

Overall competitor activity in April 2009 was in line with recent months

There were few stories concerning M&A, partnerships or organic growth in April

The majority of developments in April originated in Western Europe and Asia Pacific

Stories around new products and new services were the most common in April 2009

M&A, Partnerships and Organic Growth

ICBC

China: Industrial and Commercial Bank of China and American Express re-affirm strategic cooperation

Nationwide BS

UK: Nationwide Building Society acquires Dunfermline

Standard Bank of South Africa

South Africa: Standard Bank enters into a strategic partnership with China UnionPay

Swedbank

Sweden: Nordals Härads Sparbank acquires three local branches of Swedbank

Sweden: Swedbank sells its local branch in Mullsjö to Tidaholms Sparbank

Sweden: Swedbank sells its local branch office in Olofström to Sparbanken 1826

Product, Services and Innovation

Abbey

UK: Abbey launches new mortgage deals

Bank of East Asia

Hong Kong: The Bank of East Asia launches first-year monthly installment HK$3,388 mortgage plan

Hong Kong: BEA introduces first year effective rate P-3.28% mortgage plan

BBVA

Spain: BBVA introduces a new array of financial solutions

Citigroup

Singapore: Citibank offer gifts to celebrate 20 years of ready credit

Indonesia: Citi Indonesia and PT Pos Indonesia launch innovative document delivery platform

Pakistan: Citibank launches bi-lingual cheque book in 10 cities

Pakistan: Citibank introduces ATM-generated 'mini credit card statements' facility

Australia: Citibank's ATM network is the second largest network

DnB NOR

Norway: DnB NOR plans to offer a fully electronic loan process

First National Bank

South Africa: First National Bank offers customers more for less

Lloyds TSB

UK: Halifax offers council tax help to home movers and first time buyers

Nationwide BS

UK: Nationwide launches new two-year tracker mortgage deal

UK: Nationwide announces new mortgage deals

Standard Chartered

Thailand: Standard Chartered Bank (Thai) promotes internet banking

Yorkshire BS

UK: Yorkshire BS launch new range of 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

List of Figures

Figure 1: April 2009 saw the lowest number of M&A announcements over the last 12 months

Figure 2: Western Europe and Asia Pacific continue to dominate news stories in April 2009

Figure 3: Stories around new products and new services predominate in April

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.

• There were few stories concerning M&A, partnerships or organic growth in April 2009.
• Stories around new products and new services were the most common in April 2009.
• Members approved the merger between Britannia Building Society and Co-operative Financial Services.

• 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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