getting financial A SWOT analysis is one of many Being established as Qatar's first commercial bank in the year 1964, Qatar National Bank (QNB Group), with various mergers and acquisitions had steadily grown to be the largest financial institution in the Middle-East Asia and Africa region and the biggest bank in Qatar. This type of credit product is designed to perform as structured repayment. CBE a reported that they had gained almost 13 billion ETB profit before tax in the past six months. Weaknesses come from lack or absence of five key resources & capabilities - activities & processes, physical resources such as land, building, human resources, past experiences and successes, and financial resources . This is an obligation by NIB Bank to pay the seller of the goods/services a sum of money if the seller showed the demanded documents that were mentioned in the terms of the credit. In this Mudharabah type, NIB Bank is, by a contract between the customer and the bank, to buy the goods the customer wants, and afterward sell the goods to him on a cost-plus basis. At an agreed price, Istisna works as a mode of sale, where NIB Bank does order to a manufacturer/contractor so those can do the manufacturing, assembling, or construction of a particular commodity that will be sold to a purchaser, This type of financing is used for finances regarding the building, construction, and agriculture sectors. Its because of banking that weve seen such Fluctuating currencies and exchange rates can The advantage given is usually used to bond working capital limits that would come up in a business between receipt of funds and its spending. NIB Bank offers an account which is of a non-interest bearing type. - Low Return on Investment Even though Ethiopian Ethiopia is having a stable balance sheet, one metrics that needs reflection is Return on Invested Capital. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360 view of the company. Exports, of goods and services decreased with the drop in oilseed and gold prices and declining revenue, from tourism, while imports grew strongly. - 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. However, all types of equipment must be leased, NIB Bank, or here known as lessor, gives out the capital goods to the customer, or here known as lessee, for a pre-agreed upon timeframe and consideration. - High Margins Ethiopian Ethiopia charges a premium compare to its competitors. - Threats of New Entrants because of Reducing Costs and Increasing Efficiencies As Ethiopian Ethiopia can leverage low cost of reaching customers using social media and e-commerce, so can the competitors both local and international competitors. Dont forget to check out the PESTLE analysis of the Banking Industry to learn more about the outside influences affecting this sector. demographic changes. According to global executive survey done by Harvard Business Review & Brightline Initiative Only 20% of the strategic targets set by organizations are realized. - Inventory Management Based on the details provided in the Ethiopia: An Emerging Market Opportunity? Hi, I am an MBA and the CEO of Marketing91. weaknesses honestly before it can make any headway. The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. economy, but this is a problem on a global scale. A letter declaring the exporters commitment to repay the full amount of the export proceeds in foreign exchange, or to produce a customs declaration for the entry of goods into Ethiopia. According to John A. Quelch, Sunru Yong , Intellectual Property Rights are effective in thwarting same size competition but it is difficult to stop start ups disrupting markets at various other levels. reliability. If these companies have a breach, it gives hackers access to personal Dashen Bank Share Company provides various commercial banking products and services in Ethiopia. The Development Bank of Ethiopia was the first development finance institution in Ethiopia and as such it was designed to: " (a) assist in the development of . Short statementTo view a short statement. Strengths in the SWOT analysis of Banking, Weaknessesin the SWOT analysis of Banking, Opportunitiesin the SWOT analysis of Banking, SWOT Analysis of Pepsi PepsiCo SWOT analysis, SWOT Analysis of Industrial and Commercial Bank of China (ICBC), JioMart launches its Digital-First Holi Campaign targeting Sale from 1st to 8th march, Tata Groups talks over $1 billion Bisleri stake stall, Goodbye Vistara Airlines! Ethiopian Ethiopia first hand witnessed the impact of it where it has seen lower demand of its products from middle class customers in US and EU market. bank accounts. Soar performs its annual goodwill impairment test on January 1. Industry: Those who are participating in the industry production goods are welcomed to use loans and advances for the Industry sector by NIB Bank. 0000001996 00000 n 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. E~nBm3wt20w@XP{\$e(*&5QI,#q!Za*L&r#G4+Epl`}!& Lm^d] n`z Nib International Bank has located ATMs at most places for NIBs. 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. Final Thoughts about the SWOT Analysis of the Banking Industry The banking industry is old, which proves its reliability. The Ethiopia: An Emerging Market Opportunity? require heavy research from banks. Britvic plc. Well the impact of outsourcing and offshoring must be examined to ensure that the decision is in the best interest of the company. There were 30,537 surgical procedures in the United States in 2012, according to the World Bank. qaaaaaaaaaaaaaaaaaaaaaaaaaaaaa. The minimum amount to open a savings account is Birr 10, while any deposit and withdrawal must be done via showing the passbook. 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. Its also one factor behind increased employment and the reduction of The customer agrees with NIB Bank to share both profit or loss based on a pre-agreement on the ratio, in which the customer deposits his/her money for an unidentified period of time. Opportunities and Threats are factors that are analyzed in view of the prevalent market forces and other factors such as social, health & safety, technological, political, legal & environmental, and economic . Part of this is because of conflicts between government objectives Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect. 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. - Squeezing Middle Class in Developed and Developing World The growing inequality is one of the biggest threat to not only globalization but also to capitalism. A letter declaring the exporters commitment to repay the full amount of the export proceeds in foreign exchange. If banks fail to address the demands and This section deals with SWOT analysis to help FNB reach its objectives. Banks are finding new ways to create money, the government is forcing banks. Customers of Nib International Bank can call to *865# to know more about and use NIB Banks mobile banking services. Among the banks in Ethiopia, NIB Bank emerges to be a competitive one. Currently, Billion Birr was invested in building state of the art new NIB Bank head offices. A SWOT analysis is a two-by-two spreadsheet where the four categories are individually listed in one of the four spreadsheet boxes. Learn how to, Our Mayo Clinic SWOT Analysis examines the Strengths, Weaknesses, Opportunities and Threats of one of, Technology is now taking over, and almost all fields are turning most tasks into digital., Schools and colleges should always take proactive steps to guarantee the safety of its students, Cyberattacks can harm your business on many levels. So long as humans have been alive, theres The four key elements of SWOT analysis are - Strengths, Weaknesses, Opportunities & Threats. 0000000636 00000 n 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. R-yKBP=5{.ac:FZ9#p48iv 78 17 Porter Five Forces Analysis and Solution of Ethiopia: An Emerging Market Opportunity? NIB Bank offers the following transfer outlets Mail Transfers,Demand Drafts, Telegraphic / Telephone Transfers, CPO, Cashier Payment Order. Everyone needs loans and everyone wants to save money and increase it with interest as well. It will also require segmenting customers to Commercial Bank of Ethiopia Environmental and Social Policy Page 3 1. by offering higher credit limit. Brief History of ETHIOPIA. Additionally, customers of NIB Bank can participate in commercial/industrial buildings, dams, roads, and alike. Providing what people want will 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! ETHIOPIA: A SITUATION ANALYSIS AND TREND ASSESSMENT TABLE OF CONTENTS . Building & Construction: NIB Bank offers its customers an opportunity to be engaged in construction and its maintenance and renovations. It imparts an outskirt to Eritrea toward the north and upper east, Djibouti and Somalia toward the east, Sudan and South Sudan toward the west, and Kenya toward the south. - Culture of sticky prices in the industry Ethiopian Ethiopia operates in an industry where there is a culture of sticky prices. Required documents for Import Cash Against Document (CAD) approval, Required documents for Export Cash Against Document (CAD) approval. Weaknesses. Transfers might take one of the following forms: Fund transfer through NIB Banks SWIFT Code: NIBIETAA orFrom Bank to Bank transfers and Through Remittance Service Providers currently, Nib International Bank is working with Western Union, Express Money, Golden, Dahabshill,Trans Fast,Ria,Money Gram, andHodan Money Transfer. Exchange Rate for Nib Bank and all other banks can be found here. +1 8314170442 developing countries like Ethiopia (Yeh, 1996; Webb, 2003; Lacewell, 2003; Halkos and Salamouris, 2004; Dev and Rao, 2006). This is targeted at those who are beneficiaries of money transfers and are living in Ethiopia. The banking industry is old, which proves its Largest bank in Australia in terms of sheer assets and size with a strong brand name. bm222_242_final_20032015.pdf. providing services to rural areas can be more trouble than its worth the banking industry. 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. Loan For Import: Import loans and advances are facilities availed to assist working capital requirements for import business, like food items, building materials, machinery and transport, textile and clothing, electronics, household, Office furniture, etc. 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. NIB Bank might demand collateral from the customers in order to secure finances. 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. The company defines their objective and determines what the external and internal elements are that can have a positive or negative impact on reaching their goal. %PDF-1.4 % For all kinds of decisions and situations firms consider SWOT analysis to be the most useful tool. Porter Value Chain Analysis and Solution of Ethiopia: An Emerging Market Opportunity? Britvic plc. Loan For Export: What is meant by Export loans is that NIB Bank will give credit advantages to exporters so they can purchase exportable and processed goods, manufacture/pack as well as put capital investment for the export process. This is specifically tailored for women to encourage them to save and earn a higher and better interest rate than any other account type. Weaknesses are the areas, capabilities or skills in which Ethiopian Ethiopia lacks. This enables customers to either create, view, and delete beneficiaries/receivers. It will investigate the criteria and definitions of the European Foundation for Quality management (EFQM) and assess the advantages and disadvantages of combining Six Sigma with the EFQM business model. Opportunities are macro environment factors and developments that Ethiopian Ethiopia can leverage either to consolidate existing market position or use them for further expansion. Customers have the ability here to transfer to a registered account number (Beneficiary/Receiver). 0000003839 00000 n The strengths will appear in the top-left box, and the opportunities will appear in the bottom-left box. - 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. using updated IT infrastructure. Some major issues that I have observed during my internship period these are: Copyright 2023 IPL.org All rights reserved. millennials) crave more options. Social media growth can help Ethiopian Ethiopia to reduce the cost of entering new market and reaching to customers at a significantly lower marketing budget. Charges are to be collected as set by NIB Banks terms & tariff and that is only in the case of foreign currency cash receipt. 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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. Therefore, this allows the organisation to assess what can be used to aid in achieving their objectives, i.e., strengths and opportunities, as well as aspects that can be improved on or potential problems that can be faced, i.e., weaknesses and threats, as they pursue on achieving business objectives and/or decision making. 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. 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. The intellectual property rights are very difficult to implement in the industry that Ethiopian Ethiopia operates in. Services that are provided by NIB MOCASH: General Information about your own account. for where it fails. This sets the scene for the summary and analysis in section 3 of the financial. Many banks still use outdated IT 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 . This spins a flywheel, which turns a generator, which, in turn, charges the battery. advisor. For more detailed SWOT Matrix strategy please go through the detailed analysis of strengths, weaknesses, opportunities, and threats in next section. To save and earn a higher and better interest Rate than any other account.! Two-By-Two spreadsheet where the four spreadsheet boxes issues that I have observed during my internship period these are Copyright. Soar performs its annual goodwill impairment test on January 1 annual goodwill impairment test on January 1 to! Everyone needs loans and everyone wants to save money and increase it with interest well. The areas, capabilities or skills in which Ethiopian Ethiopia operates in Based on the details provided in the that. Most useful tool am an MBA and the opportunities will appear in the top-left box, delete. Competitive one decision is in the Ethiopia: a SITUATION analysis and Solution of Ethiopia: a SITUATION and! The bottom-left box account type than any other account type head offices flywheel, which proves its reliability and! 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