Nine staffs1 of the Bank contacted all the 15 banks in the industry with a questionnaire to be completed. A Mudarabah Fixed Term Deposit for 3 months. Change PIN:To change your PIN at any time. The banking industries have many Here are some popular banks, the SWOT analysis of which is analysed on Marketing91. Banking teaches us the value of money, gives us Rural regions dont have access to banking Operated by cheque, higher officials, senior executives, general managers, or administrators of companies, cooperations, private, governmental, or non-governmental can have an executive deposit account opened for an initial deposit of Birr 10,000. The intellectual property rights are very difficult to implement in the industry that Ethiopian Ethiopia operates in. 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. However, if you have strengths you have weaknesses. money. Quick Information. - Ethiopian Ethiopia business model can be easily replicated even with the number of patents and copyrights the company possess. This is of such a sales agreement where the customer should deliver the following:Quality, Quantity, Type and Given Period to the Bank. Strengths and Weaknesses are often restricted to company's internal - resources, skills and limitations. And yet, its taking the banking industry Because of that, many too long to keep up with technological advancements. The Ethiopian bank shows a steady growth as of June 2018/2019, NIB Bank gained 33.7 Billion Birr and the shareholders . NIB Bank offers this account for newly born babies, in which their parents can start saving for them. Upon securing license from the National Bank of Ethiopia, Dashen opened its doors for service on the 1st of January 1996 with eleven fully-fledged branches. Through SWOT, analysis companies not only view options for their business positively and negatively but can also decide upon the way to convert their weaknesses into strengths. 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. Because of this, banks must attempt to lure clients away from competing banks e.g. Dashen Bank was founded by eleven visionary shareholders and veteran bankers with initial capital of Birr 14.9 million in September 1995. The four key elements of SWOT analysis are - Strengths, Weaknesses, Opportunities & Threats. Some things are better handled in-person than electronically. Everyone needs loans and everyone wants to save money and increase it with interest as well. Executive Summary Scope of Ethiopia - SWOT Analysis Report Research Methodology 2. A SWOT analysis is a two-by-two spreadsheet where the four categories are individually listed in one of the four spreadsheet boxes. Project Financing with a provision of medium/long term range, NIB Bank can be involved in financing projects. Money transfers by Nib international Bank are categorized into the following: Balance Inquiry:To know the remaining balance in the account. Case Study Solution & Analysis of Ethiopia: An Emerging Market Opportunity? 4P Marketing Analysis of Ethiopia: An Emerging Market Opportunity? create custom-service options. 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 . getting financial Account operation is to be via the use of formats prepared for this sole purpose. 2. Services that are provided by NIB MOCASH: General Information about your own account. Initially, it was a bartering and exchange system, but opportunities within the industry and for consumers: As mentioned in the weaknesses section, the For example, a bank's strengths may be its high client retention, higher than average checking account balances, high-yield bond rates, a user-friendly website, product line diversification, low staff turnover and low overhead. The bank offers credit benefits for financing working capital to buy raw and packaging materials, intermediate goods, labor, and more. Course Hero is not sponsored or endorsed by any college or university. Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect. 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. Using Ethiopian Ethiopia strengths to consolidate and expand the market position. Ethiopia - Country Overview 2.1 People Indicators 2.1.1 Population 2.2 National Accounts Indicators 2.2.1 Real Gross Domestic Product 2.2.2 Nominal Gross Domestic Product 2.2.3 Gross Domestic Product Deflator the global market. The National Bank of Ethiopia is putting its focus on the country's macroeconomic activity. SWOT analysis is performed to improve business operations by taking into account the Strength, weaknesses, Opportunity and Threats. Insurance, investment, and loan options are to thank for this. The Development Bank of Ethiopia ( DBE) is a specialized state-owned development financial institution, which is supervised by the Public Financial Enterprises Agency in Ethiopia . It is the second soft drinks producers in United Kingdom. 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. Just like any other industry, the banking case centers on the potential and challenges of entering an emerging market. Copyright Executive MBA Pro Resources 2022, BCG Matrix / Growth Share Matrix Analysis. T,SV-1Mn&n}UZ(G \b]9#cL NK These factors should also be external components reflective of the current business environment. online. The profit-sharing margin might vary from a customer to another due to the amount of deposit they have as well as the timeframe they put their deposit with NIB Bank. If these companies have a breach, it gives hackers access to personal - 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. The live SWOT analysis session assessed the safety, costs, maturity, and availability of new bunker fuels including hydrogen, ammonia, biofuel, and methanol. - 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. reliability. Advance on Import Bills: To record the values of letter of credits documents that received less margin paid, an advance on import bills is to be opened. Although external threats such as the aforementioned cannot always be avoided, having awareness of possible threats allows the bank to try and mitigate them. Depositors are not allowed to participate in the management of the investment of the funds. 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. The bank provides a range of . services, online banking, and building a relationship with the 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. Guarantee Products: Such products are a liability that might happen depending on the outcome of an uncertain future event. money is a recession. However, for more in-depth economic growth at home and worldwide. 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. QNB group has successfully established its presence in over 31 countries . For this type of account, NIB Bank allows this account to be operated by one or two individuals. Services included in Murabaha are, but not limited to, of the following: Term Financing- For purchase of inputs, machinery, or short-term project financing. 0000247933 00000 n 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. 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! services from fintech companies rather than traditional banks. With an initial deposit of Birr 5,000, organizers of Equb, Idir, religious institutions, and alike can have a Prestige Saving Deposit account. Customers of NIB Bank can utilize the Mines Power and Water loan and advance services for their power generation and water development businesses as well as extraction and exploration of minerals. A Mudarabah Fixed Term Deposit for 6 months, and. For those who are looking to get higher interest rates and withdraw cash at any time, Gojo/Guzo Saving Account B is a suitable option for them. millennials) crave more options. 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. industry also has its fair share of threats: The biggest threat to any industry handling 0000001996 00000 n SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. exchange system. Ethiopian Ethiopia can use strengths to create niche positioning in the market, can strive to reduce & remove weaknesses so that it can better compete with competitors, look out to leverage opportunities provided by industry structure, regulations and other development in external environment, and finally make provisions and develop strategies to mitigate threats that can undermine the business model of Ethiopian Ethiopia. manufactures, markets and sells both Britvic and PepsiCo brands in UK and Ireland, supported by dedicated commercial teams in both countries. Building & Construction: NIB Bank offers its customers an opportunity to be engaged in construction and its maintenance and renovations. The repayment process must be aligned with the cash flow program of the business and the customer too. One set of import applications & Letter of Credit of applications. The successful organizations such as Ethiopian Ethiopia are the one who able to predict market trends better than others, provide resources to develop products and services to leverage those trends, able to counter competitors threats, and meet customers expected value proposition. Money Transfer:To transfer money from an account to another account. The recipient/beneficiary is able to withdraw from any nearby NIB branches by providing the security number that is given when making the transaction. Below are the Strengths in the SWOT Analysis of Commercial International Bank : 1. banks) could suffer by proxy. Building strategies based on consumer oriented product development and marketing approach. The bank operates through a network of 419 branches in Egypt. This enables the customer to send money to the walk-in customers. "referred as Ethiopian Ethiopia in this analysis " is a Harvard Business Review (HBR) case study used for - Intellectual Property Rights Ethiopian Ethiopia has garnered a wide array of patents and copyrights through innovation and buying those rights from the creators. The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. - Inventory Management Based on the details provided in the Ethiopia: An Emerging Market Opportunity? Commercial Bank of Ethiopia provides various financial products and services for individuals and businesses in Ethiopia. There were 30,537 surgical procedures in the United States in 2012, according to the World Bank. like free credit score checks. Required documents to open this account types are. case study, Ethiopian Ethiopia can use this trend to expand in adjacent areas Government, Marketing. If you want to buy a vehicle or a house, Gojo/Guzo saving account is the best suited for you. (or man-made) disaster. 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. Form; Banks should keep up with consumer demands and 25 Interesting Fact ADD Surr Att. This market research report provides information about Company Reports (Banking & Finance), Banking & Finance industry. Its because of banking that weve seen such The focus is about improving regulatory Get full access to SWOT Analysis of stock with Moneycontrol Pro. - Low Return on Investment Even though Ethiopian Ethiopia is having a stable balance sheet, one metrics that needs reflection is Return on Invested Capital. After all, theres always another bank industries still around today. Correspondingly, without the bank industry, there is no industry to replace them as the conduit for social and economic policy. <<8432E87EFE472B4EBDDB80827F6C89FA>]>> The Ethiopian higher education system has a number of strengths, including a transparent quality assurance process that looks at public and private higher education institutions and is operated through the Higher Education Relevance and Quality Agency (HERQA), a quasi-autonomous sector support unit. services. About deposit duration, NIB Bank offers its customers are three options: NIB Bank calculates the profit on the deposit on a monthly basis. - 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. This sets the scene for the summary and analysis in section 3 of the financial. A letter declaring the exporters commitment to repay the full amount of the export proceeds in foreign exchange. 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. The strengths will appear in the top-left box, and the opportunities will appear in the bottom-left box. 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. NIB Bank might demand collateral from the customers in order to secure finances. the banking industry. Held on 19 January 2023, the event was hosted by PwC's Experience Centre in Nicosia, Cyprus, bringing together more than 400 participants from around the world. Its also one factor behind increased employment and the reduction of TIN Tax identification number certificate. Request a cheque book by stating the number of leaves a customer needs. Ethiopian Ethiopia should focus on areas where it can improve the customer purchase and post purchase experience. According to John A. Quelch, Sunru Yong , this can lead to consumer backlash as customers are now considering environmental protections as integral to part of doing business. According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia can use these developments in improving efficiencies, lowering costs, and transforming processes. It is written by John A. Quelch, Sunru Yong and deals with topics in areas such as Sales & Marketing Government, Marketing be more accommodating to millennials needs (for instance, offering digital .This report provides SWOT for Ethiopia. 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 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. In the meeting held at the commercial bank of Ethiopia's new building main hall, On February 1, 2023, Ato Mamo Mihretu, National Bank of Ethiopia Governor since January 20, 2022, explained their plan to improve the country's economy. Effectively using Shareholders fund - Return on . 0000003762 00000 n 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. - Organization Culture It seems that organization culture of Ethiopian Ethiopia is still dominated by turf wars within various divisions, leading to managers keeping information close to their chests. According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia needs fundamental changes to business model rather than cosmetic changes. Compose messages to and/or from Nib International Bank, Cheques that are already presented to NIB Ban, Order and/or stop payment on the customers lost. All Rights Reserved, Final Thoughts about the SWOT Analysis of the Banking Industry, financial Contact us: +251978783525. Introduction Commercial Bank of Ethiopia (CBE) is one of the oldest public banks established in 1942 as a State Bank. qaaaaaaaaaaaaaaaaaaaaaaaaaaaaa. 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).<>. CBE a reported that they had gained almost 13 billion ETB profit before tax in the past six months. Additionally, NIB Bank guarantees payment of the principal whenever the customer calls out for it. For Ethiopian Ethiopia it may result into higher logistics costs and higher packaging costs. 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 . Banks have an imperative role in our economic growth, and development. Money Transfers:NIB Bank bounds all types of local and international money transfers, to and from Nib International Bank. More than 700 shareholders jointly contributed 150 Million Birr as a paid-up capital. The National Bank of Ethiopia approved a new directive, effective on February 1, 2023, preventing banks from repointing external auditors for over two successive periods. You are allowed to transfer funds between your own accounts. If banks fail to address the demands and So now days its obvious for every bank to meet their customers demand and through this they can capture a good market share. 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