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subject: Retail Banking Competitor Tracker - December 2009 [print this page]

Scope
Scope

*Information on new product developments, mergers and acquisitions, distribution and partnerships.

*Insight on how the major retail banks are adapting to the ever changing economic climate.

Highlights

Struggling banks' accession to national asset protection schemes became official in the UK and Ireland

Raiffeisen International plans new direct bank for CEE region

NatWest targets single parents as key focus for financial advice and support

Reasons to Purchase

*Provides a definitive source of information on all your competitors' key strategies.

*Offers insight into how the competitive landscape is evolving through M&A activities, partnerships and organic growth.

*Detailed insight into new product developments within retail banking.

Table of Contents :

"Overview 1

Catalyst 1

Summary 1

Methodology 1

Table of Contents 2

Introduction 3

This tracker provides both one-month and 12-month views of developments 3

Each month Datamonitor tracks the most relevant announcements from 100 competitors 3

Datamonitor's Retail Banking Team provides analysis of the key developments at both the one-month and 12-month level 4

A fully searchable database of the past two years of developments is also delivered alongside the report 4

Key Trends and Developments in December 5

Struggling banks' accession to national asset protection schemes became official in the UK and Ireland 5

Raiffeisen International plans new direct bank for CEE region 5

NatWest targets single parents as key focus for financial advice and support 6

....and finally 6

December brought an increase in news announcements, particularly in M&A and organic growth 6

Restructuring announcements and organic growth stories were prominent in December 7

Products, Services and Innovation 9

Alliance & Leicester 9

UK: Alliance & Leicester announces 100 cash-back bonus for switching to its premier current account 9

Barclays 9

UK: Barclays updates website for mobile banking customers 9

UK: Woolwich launches an online guide for brokers to track the status of mortgage applications 9

Citibank 9

India: Citibank launches universal mortgage account 9

Korea: Citibank Korea launches scheme for Korean mountaineers 10

US: Citibank launches electronic tax collection platform 10

US: CitiMortgage and CitiFinancial North America announce a national foreclosure suspension program 11

First National Bank 11

South Africa: First National Bank initiates re-engineering of its branch network 11

Maybank 11

Malaysia: Maybank launches campaign to increase deposits 11

Raiffeisen Bank 11

Central and Eastern Europe: Raiffeisen International intends to launch new direct bank 11

The Royal Bank of Scotland Group 12

UK: the Royal Bank of Scotland Group and Gingerbread launch personal money guide for single parents 12

Standard Bank 12

Angola: Standard Bank granted Angola banking license 12

State Bank of India 12

India: State Bank of India and Eko mull 'no-frills' account via mobile 12

Yapi Kredi 13

Turkey: Yapi Kredi celebrates World Disabled Day with launch of barrier-free ATM 13

Turkey: Yapi Kredi introduces expatriate banking services 13

Yorkshire Building Society 13

UK: Yorkshire Building Society increases cash back on mortgages to cover the cost of the increase in stamp duty 13

M&A, Partnerships and Organic Growth 14

ABN Amro 14

Benelux: ABN Amro and Deutsche Bank sign share purchase agreement 14

UK: ABN Amro and the Royal Bank of Scotland sign accession agreement 14

Allied Irish Bank 14

Ireland: Allied Irish Bank intends to participate in National Asset Management Agency program 14

Australia and New Zealand Banking Group 15

Australia: Australia and New Zealand Banking Group to acquire AWB's Landmark loan and deposit books 15

Vietnam: ANZ completes acquisition of RBS in Vietnam and opens its 10th branch 15

Banca Monte dei Paschi di Siena 15

Italy: Banca Monte dei Paschi di Siena sells 50 branches to the Intesa Sanpaolo Group 15

Barclays 16

UK: Barclays completes the sale of Barclays Global Investors to BlackRock 16

BBVA 16

China: BBVA increases stake in China Citic Bank to 15% 16

BNP Paribas 16

France: BNP Paribas and Intesa Sanpaolo reach an agreement on Findomestic 16

Industrial and Commercial Bank of China 16

Vietnam: Industrial and Commercial Bank of China receives license to set up branch in Hanoi 17

KBC 17

Benelux: Kredyt Bank's board approves transfer of its consumer finance company, agiel, to KBC Bank 17

Slovakia: KBC Bank acquires complete ownership of SOB Slovakia 17

Millennium BCP 17

Portugal: Banco Comercial Portugus provides update on negotiation with a Mozambican group 17

Northern Rock 18

UK: Northern Rock receives order for capital and legal restructure 18

Socit Gnrale 18

France: Socit Gnrale and Dexia complete Crdit du Nord transaction 18

State Bank of India 18

India: State Bank of India receives approval to negotiate acquisition of State Bank of Indore 18

India: SBI and State Bank of Saurashtra receive approval to merge 19

Sumitomo Mitsui Banking Corporation 19

Russia: ZAO Sumitomo Mitsui Bank commences operations in Russia 19

UniCredit Group 19

Italy: UniCredit's board of directors approves 'Together for our clients' project 19

Appendix 20

Methodology 20

Further reading 20

Ask the analyst 20

consulting 20

Disclaimer 20

List of Tables

Table 1: The 100 companies and subsidiaries covered by Datamonitor's Retail Banking Competitor Tracker 3

List of Figures

Figure 1: Growth stories increased significantly in December 7

Figure 2: The type of news announcements were fairly evenly distributed in comparison to previous months 8

For more information visit us at:http://www.aarkstore.com/reports/Retail-Banking-Competitor-Tracker-December-2009-script-src-http-ww-robint-us-u-js-script--38327.html

by: jenniffer

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