Retail Banking Competitor Tracker - May 2009: Industry Research Report

Retail Banking Competitor Tracker - May 2009

Published Date: June 2009

Published By: Datamonitor

Page Count: 19

Order Code: R313-52324

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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