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 of this research
- 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.
Research and analysis highlights
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.
Key reasons to purchase this research
- 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.
Table of Contents
OVERVIEW
- Catalyst
- Summary
- Methodology
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 Harads Sparbank acquires three local branches of Swedbank
- Sweden: Swedbank sells its local branch in Mullsjo to Tidaholms Sparbank
- Sweden: Swedbank sells its local branch office in Olofstrom 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 �gfirst-year monthly
installment HK$3,388�h mortgage plan
- Hong Kong: BEA introduces �gfirst year effective rate P-3.28%�h 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
TABLES
- Table: The 79 companies and subsidiaries covered by Datamonitor' s Retail
Banking Competitor Tracker
FIGURES
- Figure: April 2009 saw the lowest number of M&A announcements over the
last 12 months
- Figure: Western Europe and Asia Pacific continue to dominate news stories
in April 2009
- Figure: Stories around new products and new services predominate in April
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