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$3,388h 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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