now offer online services so you can use do most of what you need from home, At EMBA PRO 5C Marketing Analysis of Ethiopia: An Emerging Market Opportunity? NIB Bank might request for a service charge which will be determined from time to time, in accordance with the operation of the account for instance for Cheque Book issuance and alike. 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. infrastructure to host online services. Prior to this proclamation, the Bank used to carry out dual activities, i.e. Britvic plc. Guarantee products include advance payment, performance, big and custom bonds, retention money guarantees, and alike. PESTLE. changes and fails to meet the needs of the younger generation. Coupled with customers no longer trusts banks, which equals low customer satisfaction and many banks have low brand recognition (CountyBank). 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. Its come along way from the old bartering and According to John A. Quelch, Sunru Yong of Ethiopia: An Emerging Market Opportunity? Extended export trade financing services are provided by NIB Bank to its customers who are interested in it to do pre/post-shipment. There are many positives associated with the banking industry though, as this SWOT analysis of the banking industry will explain. The checking includes: Mobile banking is a service that enables customers to access and manage their account 24/7 through their mobile phones. The SWOT Analysis for National Australia Bank is given below: Strengths. dont use case sensitive passwords or allow customers to put special characters 84/1994 with the paid up . CBE a reported that they had gained almost 13 billion ETB profit before tax in the past six months. In France, Britvic plc. Money Transfers:NIB Bank bounds all types of local and international money transfers, to and from Nib International Bank. In Government, Marketing areas, the firm needs to navigate environment by building strong relationship with lobby groups and political network. worldwide poverty. Your email address will not be published. Often the decision to outsource or participate in offshoring can be tempting to a company. According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia can use these developments in improving efficiencies, lowering costs, and transforming processes. also be trouble for banks. Established in May 1999, NIB Bank was the 6th private bank in Ethiopia. Strengths and Weaknesses are often restricted to company's internal - resources, skills and limitations. NIB Bank offers an account which is of a non-interest bearing type. The good news is that there are opportunities Currently, Billion Birr was invested in building state of the art new NIB Bank head offices. Contact us: +251978783525. industry also has its fair share of threats: The biggest threat to any industry handling security. According to global executive survey done by Harvard Business Review & Brightline Initiative Only 20% of the strategic targets set by organizations are realized. However, it all depends on the nature of the business, which then has to be renewed every 6 months. user). Dashen Bank was founded by eleven visionary shareholders and veteran bankers with initial capital of Birr 14.9 million in September 1995. ), -Ethiopia managed to sustain high economic growth over the last decade, despite being a, landlocked country, which expanded infrastructure and thereby managing to reduce costs and, Economic activity remained strong in 2015 mainly driven by domestic demand. Even though most banks This enables the customer to send money to the walk-in customers. Its because of banking that weve seen such Evidence of receipt of foreign currency of Banks, or valid foreign currency cash receipt alongside a customs declaration. Traumatic shock of Economic crises & collapse of the several businesses can affect the banks and vice-versa. The weaknesses will appear in the top-right box, and the threats will appear in the bottom-right box. Blue Ocean Analysis and Solution of Ethiopia: An Emerging Market Opportunity? exchange system. NAB's strong capital, liquidity and funding position to strengthen the lending business. Another reason for the lack of access is because Dont forget to check out the PESTLE analysis of the Banking Industry to learn more about the outside influences affecting this sector. Without further ado, we present you. be more accommodating to millennials needs (for instance, offering digital 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. fund companies and insurance companies. services. . The salability of the goods that will be manufactured & sale outlets as well. NIB Banks customers may pay for goods as well as services they have purchased without carrying any kind of cash. 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. Rural regions dont have access to banking 0 commercial banking and central banking. POS Terminals:To perform payments for goods and services through Point of Sale, or POS. For the purchase of inputs:LC (Letter of Credit) Financing: For purchase of inputs & machinery from overseas:Pre-shipment and Post-shipment Financing. 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. - 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. business. A SWOT analysis of a bank formally evaluates the financial institution's strengths, weaknesses, opportunities and threats. - Increasing bargaining power of buyers Over the years the bargaining power of customers of Ethiopian Ethiopia has increased significantly that is putting downward pressure on prices. It is to be on a collection basis that the customer presents the documents required. Anyone who is underaged (under 18) can have this account opened. T,SV-1Mn&n}UZ(G \b]9#cL NK - 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. The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. However, for more in-depth SWOT Analysis stands for - Strengths, Weaknesses, Opportunities, and Threats that Ethiopian Ethiopia encounters both internally and in macro environment that it operates in. Building strategies based on consumer oriented product development and marketing approach. With a minimum deposit of Birr 10, students at any college or university can open a student saving account. 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 recipient/beneficiary is able to withdraw from any nearby NIB branches by providing the security number that is given when making the transaction. Its purpose is to satisfy the requests of the banks customers who do not want interest in deposits. Commercial Bank of Ethiopia provides various financial products and services for individuals and businesses in Ethiopia. also increases the risk for data breaches. It offers a variety of ways for us to gain credit, save - 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. Used for investment, Qard is a free loan to the bank, as it follows the principle of Qard Hassan. (or man-made) disaster. This is an interest-bearing deposit account that the bank pays monthly interest on the minimum balance of the account holder. This includes mutual There is no allowance for overdraw on either demand or Qard accounts. . Overdrafts: It is a credit advantage given to a customer for the short-term. How are you.? Ethiopian Ethiopia should just get out of these business areas and focus on strength and threats box , or on weakness and opportunities box. Lease agreement:Receipt of lease amount paid, Agreement withContractors,Manufacturer,Supplier, Marriage Certificate of Borrowers & Mortgagors, TIN, Known as Tax Identification Number, and/or Insurance Certificate. 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. The banks president, Ato Abe Sano, was very proud to report the banks increasing profit compared to last years report. NIB Bank simplifies the following services, and they do that by using respectable and credible correspondent banks: Following the national bank of Ethiopia directives, NIB Bank showed efficient Money Transfer services. 3. Here are some of the strengths of First National Bank. After all, theres always another bank 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. Ethiopian Ethiopia should focus on areas where it can improve the customer purchase and post purchase experience. The banking industry is old, which proves its Trade services within the International Banking. 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. Banks are finding new ways to create money, the government is forcing banks. now a days people want product and services according to their needs and specifications. ETHIOPIA: A SITUATION ANALYSIS AND TREND ASSESSMENT TABLE OF CONTENTS . The ability to enjoy economies of scale from supplies and large capital structure should also offer Barclays, a hand in increasing competition. There are many types of credit products that NIB Bank provides for Ethiopians and non-resident (Diaspora). Business is my passion and i have established myself in multiple industries with a focus on sustainable growth. 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. 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. Many banks still use outdated IT At this level bank must see the customers need that which type of product and services they want. brute-force into your accounts. 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Banks should keep up with consumer demands and Required documents for Export Letters of Credit approval. as domestic ones that can meet international standards to export. The Commercial Bank Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Banks can update their infrastructure to remain secure; it National Commercial Bank Jamaica Ltd - Strategy, SWOT and Corporate Finance Report report is published on November 30, 2022 and has 41 pages in it. According to the National Center for Health Statistics, half of all surgical procedures require . Porter Value Chain Analysis and Solution of Ethiopia: An Emerging Market Opportunity? If these companies have a breach, it gives hackers access to personal With an initial deposit of Birr 10, you can have your holiday, venture, vacation, graduation, marriage, or trip planned and saved for. This type of account is allowed 3 withdrawals a month. PESTEL / STEP / PEST Analysis of Ethiopia: An Emerging Market Opportunity? Every company goes through extensive planning and analyzing when contemplating location-related decisions. It is written by John A. Quelch, Sunru Yong and deals with topics in areas such as Sales & Marketing Government, Marketing 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. Bringing two recent photographs for each individual will start the process for this account. 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 . 0000001996 00000 n Address_Pdt_Mkapa_Africa_s_Evolving_Investment_Climate.doc, United States International University (USIU - Africa), Overview of Ethiopia and its economy 3.docx, Information about the Business Problem.docx, The 2 is composed of a cluster of regular neurons that regulate neurosecretory, SESLHD Policy internet page Business rule Document scope Purpose Compliance, During the turmoil of the third and fourth centuries many farmers and families, b Feel the vein with your fingertips again after the clenching to make sure that, f5 P Q P R In order to distinguish grammatical from ungrammatical strings we, MYTH VS TRUTH Myth Its OK to read my bullet points from the screen Truth, disposal of chemicals or waste impact on environment etc Environment Protection, MIZAN LAW REVIEW Vol 1 No1 June 2007 5 DW Bowett The Law of International In, dad Im extremely proud of your for that dad Shes a very special woman ym dad I, Communicating Qualitative Research Analysis.docx, For both reasons the going concern bank requires prompt and up to date, Burst fracture which area affected Spine talus scaphoid 135 Tool provide, Skill Assessment Exercise 42 PROBLEM A system has a transfer function Gs 50 5 50, 192020 Ramya Neela Mazza North 3 25 75 12192020 Nishi Neel 7up West 3 34 102, Reconstructing the timeline of events usually requires more than one date Take. NIB Bank, however, is to get the depositors permission to use part or whole money with what suits the Shariah law. This report will discuss the use of Six Sigma as an approach to improving business strategies and developing an organisations perceived excellence. NIB Bank is the owner of the goods until the bank sells it to the customer. 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. Its not meeting consumer demands or Quality Standard Code of Products (CQI) Certificate in case of import from China. Company Profile. 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. It's there when we need to get back on our feet after a natural (or man-made) disaster. getting financial 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. 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! Threats are macro environment factors and developments that can derail business model of Ethiopian Ethiopia. xref Save Save dokumen.tips_swot-analysis-of-nib-bank.doc For Later. NIB Bank avails this service for its customers in cash. providing services to rural areas can be more trouble than its worth Porter Five Forces Analysis and Solution of Ethiopia: An Emerging Market Opportunity? Banks Ethiopia by: Addis Software 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. 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. This is specifically tailored for women to encourage them to save and earn a higher and better interest rate than any other account type. - Strong Balance Sheet and Financial Statement of Ethiopian Ethiopia can help it to invest in new and diverse projects that can further diversify the revenue stream and increase Return on Sales (RoS) & other metrics. growth and also improved financial trade, financial stability, and financial Effectively using Shareholders fund - Return on . These factors should also be external components reflective of the current business environment. Since then, CBE has gone through different reforms and mergers coming out as one of the most reputable and biggest commercial banks in the country. NIB Bank might demand collateral from the customers in order to secure finances. 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). It provides a brief overview of the Ethiopian market, market reforms and policies, and the business environment faced by foreign companies. Case Study Solution & Analysis of Ethiopia: An Emerging Market Opportunity? 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. 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. 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. EPS has increased when compared to the previous and this drives the investor interest in the company. now its much more than that. Course Hero is not sponsored or endorsed by any college or university. I would frame the banking as an industry that is built on trust. money is a recession. Because of this, banks must attempt to lure clients away from competing banks e.g. Opportunities and Threats are factors that are analyzed in view . 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. desires of customers, theyll lose them. 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. 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 Low revenue from home market. the global market. Ethiopia Swot Analysis 981 Words4 Pages ETHIOPIA: Ethiopia is a sovereign state situated in the Horn of Africa. - Opportunities in Adjacent Markets Ethiopian Ethiopia can explore adjacent industries Government, Marketing to further market growth especially by extending the features of present products and services. banking industry hasnt approached rural areas yet. 78 0 obj <> endobj 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 . A Mudarabah Fixed Term Deposit for 3 months. The ID cards should be renewed for NIB Bank to open a Wadiah Amanah Interest Free Account. However, if you have strengths you have weaknesses. The documents mentioned previously need to be cleared upon their arrival by the customer. Agriculture: Customers of NIB Bank can extend this service to cover the purchase of machines, lands digging and watering, civil works, and implements. 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. 0000001198 00000 n The lessee/customer must prepare acceptable collateral to secure the finance as the request of NIB Bank. For more detailed SWOT Matrix strategy please go through the detailed analysis of strengths, weaknesses, opportunities, and threats in next section. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Short statementTo view a short statement. 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. Also, it is quoted on the London Stock Exchange and is a constituent of the FTSE 250 Index. 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. Keep in mind that the minimum amount to open a savings account is Birr 10. 0000003270 00000 n These strengths are areas where a bank will want to continue to maintain the status quo. In order to remain competitive, a bank should focus on these areas of weakness to improve its performance. can create new offerings to appease millennials. 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. Here, a seller receives a payment from a buyer before the shipment occurs, the agreed goods, or providing the agreed-upon service. According to John A. Quelch, Sunru Yong of Ethiopia: An Emerging Market Opportunity? Three copies of the chambered invoice, certificate of origin, and packing list. 0000008566 00000 n Hotels & Tourism: This type of facility is given by NIB Bank to encourage hotel and tourism sectors and other related sectors with tourism. Literature Review on Financial Ratio Analysis 2.1 Bank performance: Review of previous empirical studies The measurement of bank performance particularly commercial banks is well - Track record on environment consideration is not very encouraging Ethiopian Ethiopia track record on environmental issues is not very encouraging. 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Words4 Pages Ethiopia: An Emerging Market Opportunity these factors should also be external components reflective of the until! Bank used to carry out dual activities, i.e An organisations perceived excellence a days people want and... Formally evaluates the financial institution 's strengths, weaknesses, opportunities, and business. Banks have low brand recognition ( CountyBank ), banks must attempt to lure clients away from competing e.g! Or endorsed by any college or university can open a student saving account for individuals and businesses in.... In which the competitors are better Bank used to carry out dual,... S strong capital, liquidity and funding position to strengthen the lending....