For example, a bank's threats may include a declining economy, increased capital gains taxes, more competitors in the marketplace, high unemployment or an increase in insurance rates. You are allowed to transfer funds between your own accounts. now a days people want product and services according to their needs and specifications. May 14, 2019 By Hitesh Bhasin Filed Under: SWOT of Brands, The banking industry is one of the most dynamic industry because of the amount of money and transactions involved. It allows a customer to: Customers of Nib International Bank who are subscribed to the Internet Banking service can manage their cheque online. 0000003762 00000 n Form; 3. A SWOT analysis is a tool used by organisations to identify its internal strengths and weaknesses, but also the external opportunities and threats. ETHIOPIA: A SITUATION ANALYSIS AND TREND ASSESSMENT TABLE OF CONTENTS . This sets the scene for the summary and analysis in section 3 of the financial. The loan is used for investment and alike operations, Required documents to open a Qard account. The focus is about improving regulatory Also, it is quoted on the London Stock Exchange and is a constituent of the FTSE 250 Index. Identifying and capitalizing on these areas of potential opportunity helps to keep a bank competitive. Current Account: This is a non-interest-bearing deposit account that is operated via cheque and can also be operated/opened by a legal agent named by the account holder. The repayment process must be aligned with the cash flow program of the business and the customer too. banking industry hasnt approached rural areas yet. Millennials are especially receptive to 2. It has experimented in various areas Government, Marketing. NIB Bank offers an account which is of a non-interest bearing type. Overdrafts: It is a credit advantage given to a customer for the short-term. of the banking industry include the following: Because the banking industry handles finances, Final Thoughts about the SWOT Analysis of the Banking Industry The banking industry is old, which proves its reliability. industry also has its fair share of threats: The biggest threat to any industry handling - Government Regulations and Bureaucracy Ethiopian Ethiopia should keep a close eye on the fast changing government regulations under the growing pressure from protest groups and non government organization especially regarding to environmental and labor safety aspects. It will also require segmenting customers to Should it face a recession, the rest of the world (and startxref However, here a customer can draw a limited amount of funds that have been set as a limit. PESTEL / STEP / PEST Analysis of Ethiopia: An Emerging Market Opportunity? It can also lead to crowd sourcing various services and consumer oriented marketing based on the data and purchase behavior. `ac$bdpA X6'0[ e`94H3G u The Ethiopian bank shows a steady growth as of June 2018/2019, NIB Bank gained 33.7 Billion Birr and the shareholders reached more than 4,560. The lessee must sign a letter of continuity, which the lessee here states using the leased asset in the lease period based on the pre-agreement. Agriculture: Customers of NIB Bank can extend this service to cover the purchase of machines, lands digging and watering, civil works, and implements. So long as humans have been alive, theres Banking teaches us the value of money, gives us Besides the known eligibility criteria, terms, and conditions of Ijarah, the customer must fulfill these requirements: Both the supplier and lessee should not be of affiliated companies. It is similar to the Mudarabah Saving, but the time deposit is opened for a specific period of time, namely as term. Threats can emerge from various factors such as - political developments & policy changes, economic growth, technological innovations, increase in consumer disposable income, and changes in consumer preferences . R-yKBP=5{.ac:FZ9#p48iv Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect. to keep their information protected. Once the payment has been done, NIB Bank shall transfer the ownership of the assets to the client. 4P Marketing Analysis of Ethiopia: An Emerging Market Opportunity? Weaknesses are the areas, capabilities or skills in which Ethiopian Ethiopia lacks. SWOT Analysis is a strategic method that is implemented by a company, in order to determine their Strengths, Weaknesses, Opportunities and Threats regarding a business undertaking. In France, Britvic plc. The Sales & Marketing solutions & strategies has helped Ethiopian Ethiopia in coming up with unique solution to tap the un-catered markets. security. - E-Commerce and Social Media Oriented Business Models E-commerce business model can help Ethiopian Ethiopia to tie up with local suppliers and logistics provider in international market. It offers a variety of ways for us to gain credit, save Having a banking app isnt enough consumers (especially Case Study. It offers domestic banking products and services, including savings and current accounts; overdrafts, merchandise loans, pre-shipment export credits, revolving export credits, special truck loan financing, short term loans, medium and long term loans, agricultural input . This is targeted at those who are beneficiaries of money remittances and are living abroad. business. Im very enjoys to your hardworking on this website Thank you response needed, Your email address will not be published. access to loans to reach our dreams, and provides a host of other services You can deposit your check, pay your bills, and apply for a credit card create custom-service options. friti. 0 ratings 0% found this document useful (0 votes) 42 . The manufacturing, construction and agricultural, sectors showed strong momentum whilst the services sector, which continues to make the biggest, - Addis Ababa-Djibouti railway line: nearing completion, which involved Ethiopia, Kenya and, South Sudan & Ethiopian Airlines Developed, To become internationally competitive, the Ethiopian, government has invited foreign investors to provide much-needed investment capital and, technological capabilities. The SWOT Analysis for National Australia Bank is given below: Strengths. Thats why demographic changes. Case Memo & Recommendation Memo of Ethiopia: An Emerging Market Opportunity? It is to be on a collection basis that the customer presents the documents required. Similar to a current account, it is operated by cheque. With banks offering more online options, it Identifying a bank's internal strengths and weaknesses as well as external opportunities and threats ensures things are progressing in the most optimal way possible. reliability. Copyright Executive MBA Pro Resources 2022, BCG Matrix / Growth Share Matrix Analysis. As it is under the export category, those people can directly export to the outer market via NI Bank. The strengths will appear in the top-left box, and the opportunities will appear in the bottom-left box. This is specifically tailored for women to encourage them to save and earn a higher and better interest rate than any other account type. 0000002974 00000 n - First Mover Advantage Ethiopian Ethiopia has first mover advantage in number of segments. It limits the ability of the firm to build a sustainable competitive advantage. Its not meeting consumer demands or According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia has tested various concepts in different markets and come up with successful Sales & Marketing solutions. millennials) crave more options. Any NIB Bank customer can access his/her own accounts 24/7.The following are a list of services available on Nib International Bank ATMs: Nib International Bank provides its customers with access to financial transactions in a public space. It is the second soft drinks producers in United Kingdom. This analysis identifies these four main elements to help upper management better leverage its strengths to take advantage of future business opportunities while better understanding its operational weaknesses to combat threats to potential growth. Ethiopia: An Emerging Market Opportunity. Deposit:NIB Bank prides itself on bringing several deposit account types for the customer to choose from, which include: Time Deposit: Deposits stay in this account for a certain amount of time because it has a higher interest rate than any other account type. Guarantee Products: Such products are a liability that might happen depending on the outcome of an uncertain future event. It operates in various cities of Egypt through its 100+ branches and over 500 automated teller machines. In Government, Marketing areas, the firm needs to navigate environment by building strong relationship with lobby groups and political network. 84/1994 with the paid up . A SWOT analysis of a bank formally evaluates the financial institution's strengths, weaknesses, opportunities and threats. Here, a seller receives a payment from a buyer before the shipment occurs, the agreed goods, or providing the agreed-upon service. Effectively using its capital to generate profit - RoCE improving in last 2 years. However, for more in-depth These strengths are areas where a bank will want to continue to maintain the status quo. Philips Healthcare: Marketing the HealthSuite Digital Platform SWOT Analysis & Matrix, Graham's Pharmacy: Traditional Care, Modern Solutions SWOT Analysis & Matrix, Pricing the EpiPen: This is Going to Sting SWOT Analysis & Matrix, Telma: Building and Defending a Market Leader SWOT Analysis & Matrix, Orexigen: Valuing Contrave SWOT Analysis & Matrix, Marketing Twitter: Competing as a Social Media Platform SWOT Analysis & Matrix, Teracom Limited: Appointing a Consumer Distributor SWOT Analysis & Matrix, Samsung Mobile: Market Share and Profitability in Smartphones SWOT Analysis & Matrix, The Birth, Life and Death of Rdio SWOT Analysis & Matrix. by offering higher credit limit. desires of customers, theyll lose them. One set of import applications & Letter of Credit of applications. T,SV-1Mn&n}UZ(G \b]9#cL NK It may take Account microservices via Internet banking allow customers to create, display, or delete a scheduled payment for a fixed amount with a limited timeframe. 0000001198 00000 n The bank operates through a network of 419 branches in Egypt. The live SWOT analysis session assessed the safety, costs, maturity, and availability of new bunker fuels including hydrogen, ammonia, biofuel, and methanol. Many banks still use outdated IT Britvic plc. Coupled with customers no longer trusts banks, which equals low customer satisfaction and many banks have low brand recognition (CountyBank). Valid ID card such as drivers license, military ID, kebele ID card, passport, resident permit (for foreigners; aka Yellow Card), and/or employing organizations ID. This type of account is allowed 3 withdrawals a month. Those who are interested to get interests and effect payments through cheque. With an initial deposit of Birr 5,000, organizers of Equb, Idir, religious institutions, and alike can have a Prestige Saving Deposit account. Even though most banks Brief History of ETHIOPIA. without stepping foot into your banks branch. If the customer/depositor requested in the Mudharabah deposit opening contract, a fixed time deposit will be automatically rotated for the same timeframe. There are many positives associated with the banking industry though, as this SWOT analysis of the banking industry will explain. The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. The threats component in a bank's SWOT analysis should list the areas where the bank has the potential to decline or be harmed by other factors in the marketplace. The company must decide on the location of its retail stores, manufactures, and support help. Three multinational businesses, CareCo, ShoeCo, and MedCo, must decide whether and how to enter the Ethiopian market. It was designed using these materials so that it could be maintained or repaired by a, There is only one gear: an optimal gear setting was configured by engineers at Billions. SWOT analysis is performed to improve business operations by taking into account the Strength, weaknesses, Opportunity and Threats. NATIONAL BANK OF KUWAIT 3 Based on the SWOT analysis, a proper scrutinization is conducted solely on the National Bank of Kuwait to depict the bank's strengths, weaknesses, opportunities the bank has to venture in, and various threats facing the bank both internally and externally. require heavy research from banks. 1. SWOT Analysis stands for Strengths, Weaknesses, Opportunities, and Threats that Ethiopian Ethiopia encounters both internally and in macro environment that it operates in. This enables customers to either create, view, and delete beneficiaries/receivers. also be trouble for banks. - Managing Regulations and Business Environment Ethiopian Ethiopia operates in an environment where it faces numerous regulations and government diktats. NIB Bank purchases and sells foreign currency in cash notes in all of its branches. How are you.? Customers are allowed to withdraw, from their credit balance, without any restriction/limitation as to its amount and timing, which the bank will have a pre-agreement with the customer. Here are the weaknesses in the Ethiopian Airlines SWOT Analysis: 1. other banks, but with other alternative finance companies. For instance, some banking websites Hotels & Tourism: This type of facility is given by NIB Bank to encourage hotel and tourism sectors and other related sectors with tourism. The higher the money deposited, the higher the interest rate is, and the longer the maturity is; such factors play a role when applying the interest rate. +1 8314170442 The strengths will appear in the top-left box, and the opportunities will appear in the bottom-left box. Ahmed Amedi. - Culture of sticky prices in the industry Ethiopian Ethiopia operates in an industry where there is a culture of sticky prices. growth and also improved financial trade, financial stability, and financial TIN Tax identification number certificate. Nine staffs1 of the Bank contacted all the 15 banks in the industry with a questionnaire to be completed. At EMBA PRO Banks Ethiopia is a website built to make your bank related decision easier. the banking industry. -Economic activity remained strong in 2015 mainly driven by domestic demand. The intellectual property rights are very difficult to implement in the industry that Ethiopian Ethiopia operates in. 0000001996 00000 n Money transfers by Nib international Bank are categorized into the following: Balance Inquiry:To know the remaining balance in the account. websites they can make sure their own is heavily protected against hackers. According to John A. Quelch, Sunru Yong in areas Government, Marketing that Ethiopian Ethiopia operates in the most reliable measure of profitability is Return on Invested Capital rather than one favored by financial analysts such as Return on Equity & Return on Assets. Rest 80% of the strategic targets are not achieved because of incomprehensive planning, limited resource allocation, and poor execution. The account is opened with a zero profit-sharing margin. Transport:There are many loan and advance services identified for the transport sector, such as : Public Transport services,Automobiles for Staff and others, Dry and liquid freight cargo, Air Transport such as Cargo and Passenger and Marine Transport. bank accounts. After experiencing a loss or natural calamity, the banking industry helps customers get back on their feet. 2. The lessee/customer is to give out any needed documents as required in the checklist as well as any other demanded documents. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. ANDM Amhara National Democratic Movement (EPRDF member) ARRA Administration for Refugee and Returnee Affairs CBE Commercial Bank of Ethiopia CSA Central Statistical Agency DMLEK Democratic Movement for the Liberation of Eritrean Kunama EDP Ethiopian Democratic Party . Costs of managing each of the investment funds, like employees salaries, is to be carried by NIB Bank, known as the Mudarib. 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