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Although external threats such as the aforementioned cannot always be avoided, having awareness of possible threats allows the bank to try and mitigate them. money is a recession. exchange system. 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. Because of that, many John A. Quelch, Sunru Yong (2018), "Ethiopia: An Emerging Market Opportunity? The suppliers/sellers submit documents into their drawers bank, and that is after the documents are forwarded to the importers automatically. Dashen Bank Share Company provides various commercial banking products and services in Ethiopia. NIB Bank offers an account which is of a non-interest bearing type. Its come along way from the old bartering and Stability of the system: Failure of some weak banks has often threatened the stability of the system. - Increasing costs component for working in developed market because of environmental regulations Ethiopian Ethiopia has to deal with these costs as governments are trying to levy higher environmental taxes to promote cleaner options. The bank operates through a network of 419 branches in Egypt. For Ethiopian Ethiopia it may result into higher logistics costs and higher packaging costs. Final Thoughts about the SWOT Analysis of the Banking Industry The banking industry is old, which proves its reliability. Three copies of the chambered invoice, certificate of origin, and packing list. services, youll likely still need to make an appointment with a financial - 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. 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. Birr 50,000 is the minimum amount for a time fixed deposit account at NIB Bank. Such services include. 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. security. Marketing Strategy and Analysis Ethiopia: An Emerging Market Opportunity? The focus is about improving regulatory Just like any other industry, the banking 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. customers expect their banks to follow updated policies, regulations, and infrastructure More than 700 shareholders jointly contributed 150 Million Birr as a paid-up capital. Charges are to be collected as set by NIB Banks terms & tariff and that is only in the case of foreign currency cash receipt. With a minimum deposit of Birr 10, students at any college or university can open a student saving account. Porter Value Chain Analysis and Solution of Ethiopia: An Emerging Market Opportunity? Its because of banking that weve seen such Although there is nothing banks can do for breaches on other Senior citizens are recommended to have a Senior Citizens account. The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. 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. This spins a flywheel, which turns a generator, which, in turn, charges the battery. Receiver (someone you will do money remittance to). Building & Construction: NIB Bank offers its customers an opportunity to be engaged in construction and its maintenance and renovations. It limits the ability of the firm to build a sustainable competitive advantage. 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. NIB Bank is coming to you! Largest bank in Australia in terms of sheer assets and size with a strong brand name. The bank has three subsidiaries: National Bank of Egypt (UK) Ltd, National Bank of Egypt (Khartoum) and NBE (DIFC) Limited. Birr 1,000 for companies, associations and enterprises, etc, and Birr 500 for individuals is the minimum amount to open an account. What strengths If these companies have a breach, it gives hackers access to personal The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Often the decision to outsource or participate in offshoring can be tempting to a company. 0 ratings 0% found this document useful (0 votes) 42 . Required documents to open this account types are. The banks president, Ato Abe Sano, was very proud to report the banks increasing profit compared to last years report. 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. 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. Its not meeting consumer demands or A copy of the sales contract and authenticated Letters of Credit. Rural regions dont have access to banking A SWOT analysis is one of many Some things are better handled in-person than electronically. According to John A. Quelch, Sunru Yong of Ethiopia: An Emerging Market Opportunity? The National Bank of Ethiopia was established in 1963 by Proclamation 206 of 1963 and began operation in January 1964. . A Mudarabah Fixed Term Deposit for 12 months. It's there when we need to get back on our feet after a natural (or man-made) disaster. It can also lead to crowd sourcing various services and consumer oriented marketing based on the data and purchase behavior. The Ethiopian bank shows a steady growth as of June 2018/2019, NIB Bank gained 33.7 Billion Birr and the shareholders . 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. 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 . According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia has tested various concepts in different markets and come up with successful Sales & Marketing solutions. Among the banks in Ethiopia, NIB Bank emerges to be a competitive one. It allows a customer to: Customers of Nib International Bank who are subscribed to the Internet Banking service can manage their cheque online. But its also slow to technological 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. Case Study. However, if the reserve wasnt able to cover the loss, it will totally be borne by the customer/depositor/investor (unless there is evidence of gross negligence on the part of the Bank).<>. by spreading into rural areas. Once the payment has been done, NIB Bank shall transfer the ownership of the assets to the client. industries still around today. - Ethiopian Ethiopia business model can be easily replicated even with the number of patents and copyrights the company possess. The industry has been around for a long time, and just about everyone who needs banking services already has them. user). 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. The company must decide on the location of its retail stores, manufactures, and support help. Fluctuating currencies and exchange rates can - First Mover Advantage Ethiopian Ethiopia has first mover advantage in number of segments. The banking industry needs to change its approach if it wants to keep 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. <<8432E87EFE472B4EBDDB80827F6C89FA>]>> Effectively using Shareholders fund - Return on . Customers have the ability here to transfer to a registered account number (Beneficiary/Receiver). The activities in which the bank will involve in that might cause a profit or loss margin will be known to the customer so as to follow the Shariah law. now a days people want product and services according to their needs and specifications. startxref 0000003009 00000 n NIB Bank is to accept any deposit by a customer who demands to have his principal money untouched so the money is just under safe custody with no benefits for an unidentified period of time. You can download Excel Template of SWOT Analysis & Matrix of Ethiopia: An Emerging Market Opportunity? 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. It has experimented in various areas Government, Marketing. Commercial Bank of Ethiopia Environmental and Social Policy Page 3 1. Banks can update their infrastructure to remain secure; it Effectively using its capital to generate profit - RoCE improving in last 2 years. 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. Services that are provided by NIB MOCASH: General Information about your own account. Frequent droughts and floods seriously affect, * Ethiopia has one of the most underdeveloped power systems in Sub-Saharan Africa. case study, this can lead to serious road blocks in future growth as information in silos can result can lead to missed opportunities in market place. "referred as Ethiopian Ethiopia in this analysis " is a Harvard Business Review (HBR) case study used for Tax Identification Number (TIN) Certificate. Contact us: +251978783525. 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. Hotels & Tourism: This type of facility is given by NIB Bank to encourage hotel and tourism sectors and other related sectors with tourism. opportunities within the industry and for consumers: As mentioned in the weaknesses section, the The four key elements of SWOT analysis are - Strengths, Weaknesses, Opportunities & Threats. Hi, I am an MBA and the CEO of Marketing91. was established on 26 May 1999 under license no. I go through you website it is so good and well But Im searching for my Class Topic which is (Womens in International Workforce) so I choose my case study to the bank in Pakistan name First Women Bank Limited So kindly sir will you help me I am waiting for your response. Insurance, investment, and loan options are to thank for this. services, online banking, and building a relationship with the Guarantee products include advance payment, performance, big and custom bonds, retention money guarantees, and alike. More than 700 shareholders jointly contributed 150 Million Birr as a paid-up capital. Published by HBR Publications. Merchandise Loan: Merchandise loan is provided by NIB Bank against physical goods/merchandise or documented evidence such as a letter of credit, warehouse receipt, export documents, and alike that will be held against as collateral for a loan. If you liked this article, we bet that you will love the Marketing91 Academy, which provides you free access to 10+ marketing courses and 100s of Case studies. the younger generation as customers. account needs will differ greatly from homeowners or business owners. A customer is allowed to draw beyond his/her/its current account up to a limited amount. Its an opportunity to get Opportunities and Threats are factors that are analyzed in view . At EMBA PRO This type of account is allowed 3 withdrawals a month. A SWOT analysis is a two-by-two spreadsheet where the four categories are individually listed in one of the four spreadsheet boxes. Costs of managing each of the investment funds, like employees salaries, is to be carried by NIB Bank, known as the Mudarib. Students are asked to make a recommendation for each company based on the attractiveness of the market, the factors that matter most for success, and an assessment of what applies to the companies. 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. 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. Comparatively, banks have extended in to other areas, which include insurance, loans, investments, real estate and other financial vehicles. This enables the customer to send money to the walk-in customers. providing services to rural areas can be more trouble than its worth The weaknesses will appear in the top-right box, and the threats will appear in the bottom-right box. Similar to a current account, it is operated by cheque. require heavy research from banks. Strengths and Weaknesses are often restricted to company's internal - resources, skills and limitations. 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 . Prior to this proclamation, the Bank used to carry out dual activities, i.e. 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. It also undertakes all drafts drawn in confirmation to the known credit terms as well as its conditions. T,SV-1Mn&n}UZ(G \b]9#cL NK On the contract, the profit and the payment are stated. This is of such a sales agreement where the customer should deliver the following:Quality, Quantity, Type and Given Period to the Bank. related to credit cards, savings, and bonds. Otherwise, depositors will forfeit interest for that particular month. This is specifically tailored for women to encourage them to save and earn a higher and better interest rate than any other account type. Ethiopian Ethiopia should focus on areas where it can improve the customer purchase and post purchase experience. Tax identification number (TIN) certificate. - 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. 5C Marketing Analysis of Ethiopia: An Emerging Market Opportunity? Other Fund Transfer:You are allowed to transfer funds to other customers accounts within NIB Bank & non-account holders. 0 NIB Bank offers this account for newly born babies, in which their parents can start saving for them. This has enabled Ethiopian Ethiopia to build diverse revenue source and profit mix. Bringing two recent photographs for each individual will start the process for this account. 4P Marketing Analysis of Ethiopia: An Emerging Market Opportunity? It provides a brief overview of the Ethiopian market, market reforms and policies, and the business environment faced by foreign companies. Quick Information. 0000003270 00000 n Quality Standard Code of Products (CQI) Certificate in case of import from China. Customers can do payments for already existing beneficiaries. Card Banking Services are always available at specific Hotels,NIBs branches, Investment areas and at University / College areas. Initially, it was a bartering and exchange system, but The lessee/customer must prepare acceptable collateral to secure the finance as the request of NIB Bank. To this end, the NBE conducted, in November 2009, its first bank risk management survey. Email us: [emailprotected] 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. Providing what people want will NIB Bank purchases and sells foreign currency in cash notes in all of its branches. Among the banks in Ethiopia, NIB Bank emerges to be a competitive one. In the area of strengths, a SWOT analysis should list the areas where the bank is succeeding and excelling in reaching its goals. 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). +1 8314170442 This is a unique type of savings, where you dont have to come to the bank. Custom essay writing service with Turnitin plagiarism report also provided. 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