Among the banks in Ethiopia, NIB Bank emerges to be a competitive one. Card Banking Services are always available at specific Hotels,NIBs branches, Investment areas and at University / College areas. A term loans repayment can according is monthly, quarterly, semi-annually, annually, or at lump sum payment. - Intellectual Property Rights Ethiopian Ethiopia has garnered a wide array of patents and copyrights through innovation and buying those rights from the creators. It allows customers to view their account balances as well as print transactions that are 45 days old. Hi, I am an MBA and the CEO of Marketing91. . The weaknesses Im very enjoys to your hardworking on this website Thank you response needed, Your email address will not be published. 2. If you want to buy a vehicle or a house, Gojo/Guzo saving account is the best suited for you. Get full access to SWOT Analysis of stock with Moneycontrol Pro. Cheque services include one Can stop cheque payment(s), Can request a cheque book, and Can view cheque status(s). Repayments of a term loan shall be in line with the cash flow program of the customer and the nature of the business. Request a cheque book by stating the number of leaves a customer needs. Here, a seller receives a payment from a buyer before the shipment occurs, the agreed goods, or providing the agreed-upon service. Its an opportunity to get A SWOT analysis is a two-by-two spreadsheet where the four categories are individually listed in one of the four spreadsheet boxes. 0000001279 00000 n This is of such a sales agreement where the customer should deliver the following:Quality, Quantity, Type and Given Period to the Bank. Energy is the great equaliser, says Bhargava, adding that, over half of the worlds population have no access to electricity or access to electricity for two or, - The machine is made out of standard bicycle parts, some weights, an alternator and a, 12-V battery. 0000005873 00000 n It is written by John A. Quelch, Sunru Yong and deals with topics in areas such as Sales & Marketing Government, Marketing If the customer/depositor requested in the Mudharabah deposit opening contract, a fixed time deposit will be automatically rotated for the same timeframe. been forms of banking. SWOT Analysis stands for - Strengths, Weaknesses, Opportunities, and Threats that Ethiopian Ethiopia encounters both internally and in macro environment that it operates in. Required documents for Import to approve Advance Payment, Required documents for Export to approve Advance Payment. Banks should keep up with consumer demands and I am a Digital Marketer and an Entrepreneur with 12 Years of experience in Business and Marketing. Britvic plc. Soar is a leading manufacturer and distributor of aircraft maintenance equipment and services, and it has two reporting units, namely Subsidiary A and Subsidiary B. A SWOT analysis can also address many other scenarios, such as new business initiatives, marketing budgets or even advertising campaigns, and is a valuable tool in bank management. %%EOF banks suffer from digital vulnerabilities and potential security bugs. - Ethiopian Ethiopia business model can be easily replicated even with the number of patents and copyrights the company possess. Overdraw:An overdraw is a temporary credit product that permits a customer of NIB Bank to draw a number of funds that is limited, which is over and above the overdraft limit So as to satisfy unplanned cash shortages that happen throughout the year. Overdrafts: It is a credit advantage given to a customer for the short-term. In Government, Marketing areas, the firm needs to navigate environment by building strong relationship with lobby groups and political network. From its name, Mobile Banking is an enabled service provided by Nib International Bank to customers who would like to access and manage their account 24/7 through their mobile phones. 0 ratings 0% found this document useful (0 votes) 42 . However, from time to time, NIB Bank notifies the percentage of profit share to be paid to the depositors account and credits the account. Banks have a ton of competition; not just with and banking objectives. How are you.? A copy of the sales contract and authenticated Letters of Credit. A letter declaring the exporters commitment to repay the full amount of the export proceeds in foreign exchange. Nib International Bank offers the Local Transfer among its unique services provided to its customers. Market Research Report Summary. The National Bank of Ethiopia is putting its focus on the country's macroeconomic activity. Requirements needed to be fulfilled from Exporters, Requirements needed to be fulfilled from Importers, Requirements needed to be fulfilled from Manufacturers. Introduction Commercial Bank of Ethiopia (CBE) is one of the oldest public banks established in 1942 as a State Bank. Another reason for the lack of access is because Nine staffs1 of the Bank contacted all the 15 banks in the industry with a questionnaire to be completed. - Increasing Standardization Ethiopian Ethiopia can leverage this trend to reduce the number of offerings in the market and focus the marketing efforts on only the most successful products. Here Ill discuss the strengths, weaknesses, opportunities, and threats related to the banking industry, now and in the future, based on the standard SWOT table. National Commercial Bank Jamaica Ltd - Strategy, SWOT and Corporate Finance Report report is published on November 30, 2022 and has 41 pages in it. Required documents to open this account types are. At this level bank must see the customers need that which type of product and services they want. commercial banking and central banking. Supply and demand have fostered this For example, a bank's opportunities may include a growing economy, new high-yield investment products, banking deregulation, less competitors in the marketplace or an increase in the average savings rate. xref This is an interest-bearing deposit account that the bank pays monthly interest on the minimum balance of the account holder. Whether you are an Ethiopian national or non-resident (Diaspora) who receives their money through SWIFT, International Money Transfer Agents, or exchange the hard currency, you can open an account with zero balance! Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis is an idea in the business practice that traces back to research by Robert Stewart, Marion Dosher, Otis Benepe, Birger Lie, and Albert Humphrey (Humphrey 2005). Letter of Credit Facility (LC): Conditional to the creditworthiness of customers and the salability of to-be imported products, NIB Bank approves a letter of credit. Fluctuating currencies and exchange rates can The bank provides a range of . compliance and asset quality. Traumatic shock of Economic crises & collapse of the several businesses can affect the banks and vice-versa. they can easily go to. Banks have an imperative role in our economic growth, and development. 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. friti. NIB Bank, however, is to get the depositors permission to use part or whole money with what suits the Shariah law. The banking industry needs to change its approach if it wants to keep manufactures, markets and sells our their category-leading brands, as well as supplying private label juice and syrups. It limits the ability of the firm to build a sustainable competitive advantage. It's there when we need to get back on our feet after a natural (or man-made) disaster. Building strategies based on consumer oriented product development and marketing approach. The minimum amount required to open a current account is Birr 1000 for companies, associations, and enterprises, and Birr 500 for individuals. For more detailed SWOT Matrix strategy please go through the detailed analysis of strengths, weaknesses, opportunities, and threats in next section. To be qualified for profit sharing, a minimum of Birr 5,000 must be deposited in ones account. Otherwise, depositors will forfeit interest for that particular month. This enables customers to either create, view, and delete beneficiaries/receivers. As a major public commitment to clinical research, Ethiopia celebrated the International Clinical Trial Day (ICTD) for the first time on 20 May 2014 under the auspices of Addis Ababa University. A slew of incentives has been created to induce these firms as well. Aside from having a state of art technology, Nib International Bank has started Card Banking Services by the recognized company, named PSS, or Premier Switch Solutions. economic growth at home and worldwide. Ethiopian Ethiopia can use two approaches - building on present strengths, or analyze the trend and build processes to two pronged market penetration approach. user). The required minimum initial deposit balance to open the account and to be permitted for profit sharing for any profit distribution period is Birr 500. bm222_242_final_20032015.pdf. be more accommodating to millennials needs (for instance, offering digital Feel free to connect with us if you need business research. Customers who are engaged in the agricultural sector and need cash for working capital purposes, as per the contract between NIB Bank and the customer. For instance, what students opening their first qaaaaaaaaaaaaaaaaaaaaaaaaaaaaa. The banking industry is old, which proves its Once the importer settles and collects the bill and the documents respectively, which is to clear out the goods from the customer/ port, NIB Bank can process the advance on import bills. An individual or firm look at the strengths and weaknesses which are in relation to the internal operations of the business and can be controlled by the firm, whereas the opportunities and threats are facets which are exterior to the business and not controlled by them (Kerzner, 2015). The lessee/customer must prepare acceptable collateral to secure the finance as the request of NIB Bank. Nib Bank provides multi-services to clients in different trade sectors. industries still around today. case study, Ethiopian Ethiopia can use this trend to expand in adjacent areas Government, Marketing. in industrial zones, generous credit schemes, 100% exemption from the payment of duties on, imported capital goods and raw materials for the production of exports, and a five-year tax, Specifically, there is strong development in the capital of, Addis Ababa as well as the nearby towns Debre Zeit and Nazreth, but other areas are left without, - urban access to electricity is actually exceptionally high at 86 percent, the rural majority, of the population has almost no access to power, Everything requires energy. These strengths are areas where a bank will want to continue to maintain the status quo. Air India to discontinue Vistara after merger, DS Group Partners with Lderach (Swiss Chocolate Maker), Castrols unveils a New Logo and a Refreshed Brand Identity. A customer is allowed to draw beyond his/her/its current account up to a limited amount. At EMBA PRO - Diverse Product Portfolio of Ethiopian Ethiopia The products and brand portfolio of Ethiopian Ethiopia is enabling it to target various segments in the domestic market at the same time. This can help Ethiopian Ethiopia in thwarting the challenges of competitors in various industries Government, Marketing. `ac$bdpA X6'0[ e`94H3G u now offer online services so you can use do most of what you need from home, The salability of the goods that will be manufactured & sale outlets as well. With a minimum deposit of Birr 10, students at any college or university can open a student saving account. The four key elements of SWOT analysis are - Strengths, Weaknesses, Opportunities & Threats. Many banks still use outdated IT - 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. - Successful Go To Market Track Record Ethiopian Ethiopia has a highly successful track record of both launching new products in the domestic market but also catering to the various market based on the insights from local consumers. Project Financing with a provision of medium/long term range, NIB Bank can be involved in financing projects. 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 . Trust that is reaffirmed by the governments, and regulators. NIB Banks customers may pay for goods as well as services they have purchased without carrying any kind of cash. It can also lead to crowd sourcing various services and consumer oriented marketing based on the data and purchase behavior. Just like any other industry, the banking Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. However, it is to be controlled by their parents/guardians as they are the ones who can open an account on behalf of the children. NIB Bank avails this service for its customers in cash. The weaknesses in a bank's SWOT analysis should list the areas where the bank is falling short of reaching its goals or is non-competitive. According to John A. Quelch, Sunru Yong of Ethiopia: An Emerging Market Opportunity? All Rights Reserved, Final Thoughts about the SWOT Analysis of the Banking Industry, financial Case Study Solution & Analysis of Ethiopia: An Emerging Market Opportunity? There were 30,537 surgical procedures in the United States in 2012, according to the World Bank. VRIO /VRIN Analysis & Solution of Ethiopia: An Emerging Market Opportunity? The weaknesses will appear in the top-right box, and the threats will appear in the bottom-right box. 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. It also has international presence through branches and representative offices located in Johannesburg, Ethiopia, Dubai, New York and Shanghai. Required documents for Export Letters of Credit approval. Additionally, customers of NIB Bank can participate in commercial/industrial buildings, dams, roads, and alike. Domestic Trade & Services: Bridging the space between production and consumption for its customers who are involved in the sharing out of agricultural products, imported and locally manufactured goods, cottage, mined products/services, and handicraft merchandise is what NIB Bank has for its customers by categorizing the Loan for Domestic Trade and Services into separate categories. Effectively using Shareholders fund - Return on . Account microservices via Internet banking allow customers to create, display, or delete a scheduled payment for a fixed amount with a limited timeframe. Industry: Those who are participating in the industry production goods are welcomed to use loans and advances for the Industry sector by NIB Bank. The opportunities section in a bank's SWOT analysis should list the areas where the bank has room for growth or could take advantage of opportunities in the marketplace. 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. 0000002537 00000 n Through Nib International Banking Internet Banking service, customers can enjoy online services with easy, real-time access to their account, in the comfort of their home, office or from any remote location. 0000003009 00000 n - Changing Technology Landscape Machine learning and Artificial Intelligence boom is transforming the technology landscape that Ethiopian Ethiopia operates in. It also relies heavily on the coordination of the like free credit score checks. The intellectual property rights are very difficult to implement in the industry that Ethiopian Ethiopia operates in. Tax Identification Number (TIN) Certificate. 0000001198 00000 n SWOT Analysis SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. With a minimum of Birr 25,000, NIB Bank invites senior citizens to save their retirement savings, Holiday, Vacation & Special Purpose Saving Account. Three multinational businesses, CareCo, ShoeCo, and MedCo, must decide whether and how to enter the Ethiopian market. A Mudarabah Fixed Term Deposit for 3 months. PESTLE. Therefore, the source of competitive advantage for Barclays would be quality customer care as envisaged in their strategy in citizenship and continuous development of new and unique products for the market. Ethiopian Ethiopia should just get out of these business areas and focus on strength and threats box , or on weakness and opportunities 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. Britvic plc. Exchange Rate for Nib Bank and all other banks can be found here. - Low Return on Investment Even though Ethiopian Ethiopia is having a stable balance sheet, one metrics that needs reflection is Return on Invested Capital. Dashen Bank was founded by eleven visionary shareholders and veteran bankers with initial capital of Birr 14.9 million in September 1995. more customers, but achieving such a move isnt a small feat. Book by stating the number of leaves a customer for the short-term man-made. To get the depositors permission to use part or whole money with what suits the Shariah law occurs the! Traumatic shock of Economic crises & amp ; collapse of the customer the! Get full access to SWOT Analysis of stock with Moneycontrol Pro first qaaaaaaaaaaaaaaaaaaaaaaaaaaaaa activity! In the United States in 2012, according to John A. Quelch, Sunru Yong of is! Or at lump sum payment there were 30,537 surgical procedures in the box... 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