AUSTRIA: INTERNET BANKING WITH SAVINGS BANKS

Article Abstract:

Together with Erste Bank and its Swedish partner Swedbank, Austrian savings banks are working on an internet banking platform. In a separate project, Austria's savings banks are developing an on-line brokerage service that is to be launched in September 2000. This is a reaction to the expected expansion of foreign direct banks, such as Comdirect Bank of Germany, on the Austrian market.

Austria, General services, Erste Bank

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Morocco: Groupe Banques Populaires in 2000

Article Abstract:

Group Banques Populaires made a net banking product of MDh 3.4bn in Morocco in its 2000 financial year, up 4.5% from 1999, and net earnings of MDh 698mn, up 5.4%. The group's balance sheet totalled MDh 70.5bn, up 9.2%. The global resources of the intermediation activity rose to MDh 5.5bn and the group holds a 30% market share. It consolidated its lead on the savings market and strengthened its equity by MDh 692mn.

Sales, profits & dividends, Savings & Loan Assns, Savings Institutions, Morocco, Savings and loan associations, Groupe des Banques Populaires

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