Abstract
Introduction
This brief looks at the key market developments in European retail banking
during Q2 2009, and provides a summary of selected financial results, an
overview of recent M&A activity, highlights of other notable industry
developments and an overview of forecast IT spending through 2013.
Scope of this research
- Datamonitor' s Business Update provides analysis from ongoing research into
the market dynamics of the European retail banking industry.
- This report examines developments during Q2 2009.
Research and analysis highlights
If 2008 was the year when Europe' s banks lost billions on complex structured
credit assets, so 2009 looks destined to be categorized as the year when banks
suffered substantial losses as borrowers (both individual and business)
struggled to repay loans. In all likelihood, these losses will continue to
mount in 2010
The results of stress tests on retail banks in selected countries (the UK and
Sweden for example) helped reassure investors that institutions are able to
withstand the effects of the economic downturn. However, Eurozone banks remain
untested, which does not bode well for the overall financial stability of the
banking sector in 2009 and beyond.
The outlook for IT spending remains unchanged: carefully targeted investments
will continue to be made.
Key reasons to purchase this research
- Gain a comprehensive picture of the European retail banking market, and
understand the forecast level of IT spending through 2013.
- Understand the ongoing activities performed by institutions across Europe
to maintain stability in the banking industry.
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