第一资本信贷Capital One Financial Corporation (COF) 2006年年度报告「NYSE」.pdf

1、F O R G I N G O U R V I S I O N O F B A N K I N G 2006 annual report1Were Delivering On Our StrategyWe transformed our company this year with the integration of Hibernia and the acquisitionof North Fork.With North Fork,weve become the 11th largest bank in America based ondeposits.We have a growth pl

2、atform in one of the best banking markets in the UnitedStatesthe greater New York region.And weve substantially diversified our companysfunding and profits.At Capital One,were forging our vision of banking.We always try to figure out wherethe world is going and then work backwards from that vision t

3、o position our company towin over the long term.We believe that the winners in banking in the United Statesthe“endgame players”will be the players who bring together the best of national scalelending and local scale banking and create advantaged access for customers.Consumer lending businesses are c

4、onsolidating nationally,one product at a time.Creditcards have been at the forefront of the consolidation wave in consumer lending,and otherconsumer lending businesses,such as auto finance and home equity,are following thesame path.A few winners will emerge in each of these businesses during critica

5、l windows of consolidation.Other banking businesses,like consumer deposits,small business and middle-market commercial banking,remain fiercely local in nature.Success in those businesses is not drivenby national scale.Instead,the banks with scale in their local markets and great local executiongener

6、ally win,gaining a disproportionately large share of deposits and customer relationships.As this transformation of the banking landscape plays out,a handful of banks are breakingaway from the pack to create advantaged customer access.They are creating massive customer bases with tens of millions of