Retail Banking Competitor Tracker - December 2009

Published by: Datamonitor

Published: Jan. 27, 2010 - 30 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 100 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 two years of developments is also delivered alongside the report

Key Trends and Developments in December

Struggling banks' accession to national asset protection schemes became official in the UK and Ireland

Raiffeisen International plans new direct bank for CEE region

NatWest targets single parents as key focus for financial advice and support

....and finally

December brought an increase in news announcements, particularly in M&A and organic growth

Restructuring announcements and organic growth stories were prominent in December

Products, Services and Innovation

Alliance & Leicester

UK: Alliance & Leicester announces £100 cash-back bonus for switching to its premier current account

Barclays

UK: Barclays updates website for mobile banking customers

UK: Woolwich launches an online guide for brokers to track the status of mortgage applications

Citibank

India: Citibank launches universal mortgage account

Korea: Citibank Korea launches scheme for Korean mountaineers

US: Citibank launches electronic tax collection platform

US: CitiMortgage and CitiFinancial North America announce a national foreclosure suspension program

First National Bank

South Africa: First National Bank initiates re-engineering of its branch network

Maybank

Malaysia: Maybank launches campaign to increase deposits

Raiffeisen Bank

Central and Eastern Europe: Raiffeisen International intends to launch new direct bank

The Royal Bank of Scotland Group

UK: the Royal Bank of Scotland Group and Gingerbread launch personal money guide for single parents

Standard Bank

Angola: Standard Bank granted Angola banking license

State Bank of India

India: State Bank of India and Eko mull 'no-frills' account via mobile

Yapi Kredi

Turkey: Yapi Kredi celebrates World Disabled Day with launch of barrier-free ATM

Turkey: Yapi Kredi introduces expatriate banking services

Yorkshire Building Society

UK: Yorkshire Building Society increases cash back on mortgages to cover the cost of the increase in stamp duty

M&A, Partnerships and Organic Growth

ABN Amro

Benelux: ABN Amro and Deutsche Bank sign share purchase agreement

UK: ABN Amro and the Royal Bank of Scotland sign accession agreement

Allied Irish Bank

Ireland: Allied Irish Bank intends to participate in National Asset Management Agency program

Australia and New Zealand Banking Group

Australia: Australia and New Zealand Banking Group to acquire AWB's Landmark loan and deposit books

Vietnam: ANZ completes acquisition of RBS in Vietnam and opens its 10th branch

Banca Monte dei Paschi di Siena

Italy: Banca Monte dei Paschi di Siena sells 50 branches to the Intesa Sanpaolo Group

Barclays

UK: Barclays completes the sale of Barclays Global Investors to BlackRock

BBVA

China: BBVA increases stake in China Citic Bank to 15%

BNP Paribas

France: BNP Paribas and Intesa Sanpaolo reach an agreement on Findomestic

Industrial and Commercial Bank of China

Vietnam: Industrial and Commercial Bank of China receives license to set up branch in Hanoi

KBC

Benelux: Kredyt Bank's board approves transfer of its consumer finance company, Zagiel, to KBC Bank

Slovakia: KBC Bank acquires complete ownership of CSOB Slovakia

Millennium BCP

Portugal: Banco Comercial Português provides update on negotiation with a Mozambican group

Northern Rock

UK: Northern Rock receives order for capital and legal restructure

Société Générale

France: Société Générale and Dexia complete Crédit du Nord transaction

State Bank of India

India: State Bank of India receives approval to negotiate acquisition of State Bank of Indore

India: SBI and State Bank of Saurashtra receive approval to merge

Sumitomo Mitsui Banking Corporation

Russia: ZAO Sumitomo Mitsui Bank commences operations in Russia

UniCredit Group

Italy: UniCredit's board of directors approves 'Together for our clients' project

Appendix

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

List of Tables

Table 1: The 100 companies and subsidiaries covered by Datamonitor's Retail Banking Competitor Tracker

List of Figures

Figure 1: Growth stories increased significantly in December

Figure 2: The type of news announcements were fairly evenly distributed in comparison to previous months

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 a definitive source of information on all your competitors' key strategies.
• Offers insight into how the competitive landscape is evolving through M&A activities, partnerships and organic growth.
• Detailed insight into new product developments within retail banking.

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