Retail Banking Competitor Tracker: March 2008

Retail Banking Competitor Tracker: March 2008

Introduction

Datamonitor's Retail Banking Competitor Tracker is a monthly product providing updates on key events relating to major and innovative players in the retail banking sector. Covering events such as M&A activity, market entries and withdrawals, partnerships, product innovation and customer targeting on a global basis, the Retail Banking Competitor Tracker provides succinct summaries of key stories.

Reasons to Purchase

*Provides invaluable information on your closest competitors' strategies all in one place.

*Keeps track of how the competitive landscape is changing through M&A activities, partnerships and organic growth.

*Provides input to your product development by tracking the latest product innovations.

Overview 1
Catalyst 1
Summary 1
Table of Contents 2
M&A, Partnerships and Organic Growth 3
ANZ 3
Australia: ANZ opens center in Canberra 3
Barclays 3
Russia: Barclays to acquire Russian bank Expobank 3
BNP Paribas 3
Russia: BNP Paribas initiates retail banking operations in Russia 3
BBVA 4
Spain: BBVA establishes retail banking centers in Spain 4
Citibank 4
Hong Kong: Citibank opens two Citifinancial branches in Hong Kong 4
Russia: ZAO Citibank opens operations center in Ryazan 4
US: Citibank opens financial centers in Connecticut, Florida, Illinois, and New York 4
DBS Group 4
India: DBS expands operations in India 4
Vietnam: DBS receives permission to operate in Vietnam 5
Dexia 5
Turkey: Dexia will provide capital to its Turkish subsidiary 5
DnB NOR 5
Norway: DnB NOR enters e-commerce agreement with BBS 5
Norway: Pohjola Bank to merge with Pohjola Finance 6
HSBC Group Holdings 6
Vietnam: HSBC receives approval to operate in Vietnam 6
ICBC 6
China: ICBC completes Standard Bank equities purchase 6
China: ICBC launches strategic cooperation with Standard Bank 6
ING 7
Netherlands: ING to invest in its retail banking network in the Netherlands 7
Maybank 7
Cambodia: Maybank opens second branch in Cambodia 7
Indonesia: Maybank wins the bid to acquire Bank Internasional Indonesia 7
Vietnam: Maybank acquires a stake in Vietnam's ABBank 8
Standard Chartered 8
Vietnam: Standard Chartered expands its operations in Vietnam 8
Product Innovation and Customer Targeting 9
Alliance & Leicester 9
UK: Alliance & Leicester ISA offer linked to new current accounts 9
UK: Alliance & Leicester announce new mortgage deals 9
UK: Alliance & Leicester launch ISA for 16-21 year olds 9
ANZ 9
Australia: ANZ changes lending and deposit rates 9
BBVA 10
Spain: BBVA launches deposit product 10
Citibank 10
Hungary: Citibank introduces fee-free account package to its Hungarian customers 10
India: Citibank launches product range for high net worth customers 10
UK: Citi UK's Future Mortgages introduces secured loan product range 11
US: Citibank to launch mobile financial service with SK Telecom 11
US: Citibank makes changes to US residential mortgage business 11
Commonwealth Bank 12
Australia: Commonwealth Bank lifts deposit and loan interest rates 12
Australia: Commonwealth Bank offers online statements 12
DBS Group 12
Singapore: DBS Bank launches banking package for social enterprises 12
First Direct 13
UK: First Direct launches two-year fixed rate offset mortgage 13
Maybank 13
Malaysia: Maybank launches Treatspoints instant redemption loyalty scheme 13
National Australia Bank 13
Australia: NAB changes lending and deposit rates 13
Northern Rock 14
UK: Northern Rock announces new loan rate 14
St.George Bank 14
Australia: St George increases home loan variable interest rates and deposit rates 14
Australia: St George increases deposit rates for Pensioner account 14
Australia: St George increases standard variable home loan interest rates 14
Australia: St George launches Internet banking security feature 15
Westpac 15
Australia: Westpac moves lending and deposit rates 15
APPENDIX 16
Methodology 16
Further reading 19
Ask the analyst 19
Datamonitor consulting 19
Disclaimer 19
List of Tables
Table 1: List of banks tracked , table 1 of 2 17
Table 2: List of banks tracked, (table 2 of 2) 18