Retail Banking Competitor Tracker - May 2009

Published by: Datamonitor

Published: Jun. 10, 2009 - 19 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 MAY

Banks continue to innovate and expand, despite the ongoing crisis

Lloyds TSB introduces an innovative high LTV mortgage for first-time buyers

Technological innovation continues as Barclays improves its mobile banking facility

Standard Chartered Bank in Malaysia launches a combined credit, debit and ATM card

Abbey, Alliance & Leicester and Bradford & Bingley to disappear from the high street

Overall competitor activity in May 2009 was little changed from April

Stories about product innovation and customer targeting continue to prevail in May

Most developments in May originated in Western Europe and Asia Pacific

Stories around new products and services continued to dominate in May 2009

M&A, Partnerships and Organic Growth

BBVA Group

China: BBVA enters into joint venture with CITIC in car financing and private banking segment

BNP Paribas

France: BNP Paribas acquires 54.55% stake in Fortis Bank

Dresdner Bank

Germany: Dresdner Bank merges with Commerzbank

HSBC

Indonesia: HSBC acquires 88.89% stake in Bank Ekonomi

Millenium BCP

Portugal: boards of BCP and Millenium BCP approve merger

Royal Bank of Scotland

Scotland: RBS announces sale of stake in Linea Directa Aseguradora

Product, Services and Innovation

Abbey

UK: Abbey launches range of mortgages offering its lowest fixed rates in a decade

UK: Abbey introduces new homebuyer mortgages with increased LTV

Alliance & Leicester

UK: Alliance & Leicester launches fee-free first-time buyer product

Barclays

UK: Barclays revamps website to allow easier viewing on mobile phone browsers

Citigroup

Hungary: Citibank offers preferential treatment to salary transfer loan customers

Poland: Citi Handlowy offers special medical care package to personal account holders

Thailand: Citi Advance launches two new loan products, Citi M Personal Loan and Citi M Car Cash

Commonwealth Bank

Australia: Commonwealth Bank launches opt-in home page for its NetBank customers

Crédit Agricole

France: Crédit Agricole Group launches home services offering with LCL

First National Bank

South Africa: FNB customers can use cellphone banking for social networking via MXit

Lloyds TSB

UK: Lloyds TSB launches Lend a Hand for first-time buyers

Nationwide Building Society

UK: Nationwide launches new range of mortgage deals

Standard Chartered Bank

Malaysia: Standard Chartered Berhad launches JustOne

Singapore: Standard Chartered introduces new mortgage package at a fixed rate of 1.5%

Svenska Handelsbank

Sweden: Svenska Handelsbank launches new loan scheme

Yorkshire Building Society

UK: Yorkshire Building Society introduces new tracker with cap of 5.49%

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: The number of M&A stories remains low in May

Figure 2: Most stories in May 2009 originated in Western Europe and Asia-Pacific

Figure 3: New products account for the biggest share of stories in May 2009

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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