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 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 12 months of developments is
also delivered alongside the report
KEY TRENDS AND DEVELOPMENTS IN AUGUST
- Banks in Australia and New Zealand are slashing their fees and charges
- Mergers in the UK and France shake up the mutual landscape
- The RBS disposals program is gathering pace
- Competitor activity increased in August from the levels seen in July
- Product and service innovation stories continued to dominate the
headlines in August
- New products and M&A activity have driven the increase in news stories
in August
PRODUCT, SERVICES AND INNOVATION
- Abbey
- UK: Abbey and Alliance & Leicester offer a savings deal with Santander' s
UK current accounts
- UK: Abbey offers gMoney for Nothingh prize draw on students account
- Banco do Brasil
- Brazil: Banco do Brasil plans to double credit to individuals
- Bank of Ireland
- Ireland: Bank of Ireland announces loan scheme for computing and
engineering graduates
- Bank of New Zealand
- New Zealand: Bank of New Zealand waives off honor and dishonor fees on
overdrawn accounts
- BBVA
- Spain: BBVA collaborates with UNALT to offer preferential financing to
taxi drivers
- Commonwealth Bank of Australia
- Australia: Commonwealth Bank changes fee structures for personal and
business transaction accounts
- DBS Group
- Singapore: DBS introduces xDDA service to simplify and expedite GIRO
applications
- HSBC
- UK: HSBC offers two new mortgage deals
- UK: first direct introduces offset tracker mortgage
- NATIONAL AUSTRALIA BANK
- Australia: NAB abolishes overdrawn fees on all personal transactions and
savings accounts
- Nationwide Building Society
- UK: Nationwide announces price cut for select fixed and tracker rate
mortgage deals
- UK: Nationwide reduces personal loan rates
- Punjab National Bank
- India: PNB introduces festival season schemes for housing loans and car
loans
- State Bank of India
- India: SBI introduces new home loan scheme
- India: SBI offers two loan schemes
- India: SBI introduces ' SBI My Home' campaign in Kerala
- St.George Bank
- Australia: St.George Bank reduces exception fees on retail and business
accounts
- Westpac Banking Group
- Australia: Westpac reduces exception fees for credit cards, personal
accounts and business accounts
M&A, PARTNERSHIPS AND ORGANIC GROWTH
- Agricultural Bank of China
- China: China Life intends to buy stake in Agricultural Bank of China
- Australia and New Zealand Banking Group Limited
- Australia: ANZ announces the acquisition of selected RBS businesses in
Asia
- BBVA
- US: BBVA Compass purchases the banking operations of Guaranty Bank
- BNP Paribas
- France: BNP Paribas acquires stake in Findomestic from Intesa Sanpaolo
- Argentina: BNP Paribas divests its Argentina business to Banco Santander
Rio
- Central Bank of India
- India: Central Bank of India plans stake increase in housing finance
business
- Commerzbank
- Switzerland: Commerzbank sells Dresdner Bank (Switzerland) to LGT
- Groupe Banques Populaires
- France: Banques Populaires and Caisses d' Epargne merge to form BPCE
- HSBC
- Indonesia: HSBC increases its share in Bank Ekonomi
- ING Group
- Netherlands: ING agrees to sell annuity and mortgage businesses in Chile
- Millennium BCP
- China: Millennium BCP partners with ICBC Macau
- Punjab National Bank
- India: PNB collaborates with Hindustan Machine Tool to provide loans to
farmers
- Santander
- Poland: Santander and AIG agree to integrate their consumer finance
businesses in Poland
- The Co-operative Bank
- UK: Britannia and Co-operative financial services (CFS) announce the
completion of their merger
- Royal Bank of Scotland
- Pakistan: RBS signs share sale agreement with MCB Bank
APPENDIX
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
TABLES
- Table: The 100 companies and subsidiaries covered by Datamonitor' s Retail
Banking Competitor Tracker
FIGURES
- Figure: The number of M&A stories grew more rapidly than product innovation
- Figure: New products and M&A activity dominated August' s stories
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