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 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
- Credit Agricole
- France: Credit 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
TABLES
- Table: The 79 companies and subsidiaries covered by Datamonitor' s Retail
Banking Competitor Tracker
- FIGURES
- Figure: The number of M&A stories remains low in May
- Figure: Most stories in May 2009 originated in Western Europe and
Asia-Pacific
- Figure: New products account for the biggest share of stories in May 2009
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