FRANCE: INTERNET BANKING SERVICES, 1999-2004

Article Abstract:

According to IDC, there should be 1.5mn Internet brokerage users in France in 2004, up 66% on a yearly basis, compared to 120,000 in 1999 with around 30 operators. Compared to 840,000 users of a bank account over the Web in 1999 (18% of the total number of Internet users, 90 operators), IDC anticipates 8.3mn users in 2004 which will represent 52% of the total number of Internet users in France that year.

Forecasts, trends, outlooks, France, IDC

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AUSTRIA: FAST GROWTH FOR INTERNET BROKERS

Article Abstract:

Already 20,000 Austrians buy and sell securities through Internet brokers, and the number of clients is expected to reach 300,000 in 2004. The leading discount broker in Austria is Direktanlage.at AG, subsidiary of SKWB Schoellerbank, which serves clients not only via Internet but also by telephone and fax. Competitors include Volksbank-direkt.at, CA-Discount and the Bawag subsidiary Easybank. Direktanlage.at has 12,500 clients and a market share of 60%, and is expecting to win 100,000 clients by 2004. The clients' deposits totalled Sch 7.8bn at the end of March 2000.

Strategy & planning

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Austria: Online brokers to merge

Article Abstract:

Austria's two largest online brokers are to merge. Direktanlage.at, a subsidiary of HypoVereinsbank, is to take over Vbankdirekt.at, a subsidiary of Vorarlberger Volksbank . The former has 17,500 clients and a market share of more than 50%, while Vbankdirekt.at has about 8,500 clients. Both banks report that since the terrorist attacks in the US, the number of clients' transactions has increased considerably. However, Vbankdirekt.at reports that it has been hit by the turbulence in the stock markets and expects an operating loss in 2001. Of the bank's 89 staff in Bregenz, 63 will become redundant at the end of 2001, when Vbankdirekt.at will stop operating.

Acquisitions & mergers, Hypovereinsbank AG

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