case study, we can conclude that Ethiopian Ethiopia is not efficiently managing the inventory and cash cycle. PESTLE. An account that shortfall the minimum deposit requirement, during the Profit Payment Period, shall not be eligible for profit sharing, as it didnt satisfy all the requirements. 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. It can also reach more people 0000000636 00000 n
The weaknesses will appear in the top-right box, and the threats will appear in the bottom-right box. 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. SWOT analysis is an evaluation of the Strengths and Weaknesses and Opportunities and Threat of the business in connection to the internal and environmental elements influencing an element so as to build up its condition prior to the preparation of a long term plan (Tim Berry, n.d.). A Mudarabah Fixed Term Deposit for 12 months. Required documents for Import Letters of Credit approval. The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. The focus is about improving regulatory invoicing companies (like PayPal) access to their bank to receive and transfer It also undertakes all drafts drawn in confirmation to the known credit terms as well as its conditions. For more detailed SWOT Matrix strategy please go through the detailed analysis of strengths, weaknesses, opportunities, and threats in next section. 0000247933 00000 n
According to global executive survey done by Harvard Business Review & Brightline Initiative Only 20% of the strategic targets set by organizations are realized. You are allowed to transfer funds between your own accounts. Banks have a ton of competition; not just with ), -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. 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. Hi, I am an MBA and the CEO of Marketing91. In the area of strengths, a SWOT analysis should list the areas where the bank is succeeding and excelling in reaching its goals. According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia can use these developments in improving efficiencies, lowering costs, and transforming processes. websites they can make sure their own is heavily protected against hackers. also be trouble for banks. NIB Bank might demand collateral from the customers in order to secure finances. startxref
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. 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. Its now easier than ever to do banking Email us: [emailprotected] Nib International Bank has located ATMs at most places for NIBs. Blue Ocean Analysis and Solution of Ethiopia: An Emerging Market Opportunity? Banks have an imperative role in our economic growth, and development. Trust that is reaffirmed by the governments, and regulators. Quality Standard Code of Products (CQI) Certificate in case of import from China. Correspondingly, without the bank industry, there is no industry to replace them as the conduit for social and economic policy. - 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. Exports, of goods and services decreased with the drop in oilseed and gold prices and declining revenue, from tourism, while imports grew strongly. money. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. NIB Bank avails this service for its customers in cash. using updated IT infrastructure. Other Fund Transfer:You are allowed to transfer funds to other customers accounts within NIB Bank & non-account holders. bm222_242_final_20032015.pdf. It offers a variety of ways for us to gain credit, save more money, and easily transfer funds when necessary. does the banking industry offer to consumers? ETHIOPIA: A SITUATION ANALYSIS AND TREND ASSESSMENT TABLE OF CONTENTS . Ethiopia: An Emerging Market Opportunity? 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. The loan is to be available for 6 months. For all kinds of decisions and situations firms consider SWOT analysis to be the most useful tool. 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. in passwords. 2. 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. Considering it holds your life savings, most growth and also improved financial trade, financial stability, and financial 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. fund companies and insurance companies. Guarantee products include advance payment, performance, big and custom bonds, retention money guarantees, and alike. 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. Millennials are especially receptive to Thats why 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. Similar to a current account, it is operated by cheque. For Ethiopian Ethiopia it may result into higher logistics costs and higher packaging costs. They are a conduit for social and economic policy. 4P Marketing Analysis of Ethiopia: An Emerging Market Opportunity? If these companies have a breach, it gives hackers access to personal If the Bank suffers losses in its business ventures, the loss will be compensated to the customer/depositor/investor using a reserve account. NIB Bank offers this account for newly born babies, in which their parents can start saving for them. Threats in the SWOT analysis of Banking Recession: It is one of the major threats to the financial system of the nation. Many banks still use outdated IT The survey aimed to identify status of risk management practices by banks and to put forward recommendations to address weaknesses. its a vulnerable industry. 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. Its there when we need to get back on our feet after a natural Account microservices via Internet banking allow customers to create, display, or delete a scheduled payment for a fixed amount with a limited timeframe. endstream
endobj
79 0 obj
<>
endobj
80 0 obj
<>
endobj
81 0 obj
<>/ColorSpace<>/Font<>/ProcSet[/PDF/Text/ImageC]/ExtGState<>>>
endobj
82 0 obj
<>
endobj
83 0 obj
<>
endobj
84 0 obj
<>
endobj
85 0 obj
[/ICCBased 91 0 R]
endobj
86 0 obj
<>
endobj
87 0 obj
<>
endobj
88 0 obj
<>
endobj
89 0 obj
<>
endobj
90 0 obj
<>stream
The industry has been around for a long time, and just about everyone who needs banking services already has them. Extended export trade financing services are provided by NIB Bank to its customers who are interested in it to do pre/post-shipment. Strengths and Weaknesses are often restricted to companys internal - resources, skills and limitations. Also, it is quoted on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is an effective way to recognizing the strengths and weaknesses of the company and analyzing the opportunities that available for the company and the threats that the company confront. 0000001583 00000 n
0000003839 00000 n
It is reflected on the reviews on various on-line platforms. Some things are better handled in-person than electronically. Money transfers by Nib international Bank are categorized into the following: Balance Inquiry:To know the remaining balance in the account. Ethiopia Swot Analysis 981 Words4 Pages ETHIOPIA: Ethiopia is a sovereign state situated in the Horn of Africa. Frequent droughts and floods seriously affect, * Ethiopia has one of the most underdeveloped power systems in Sub-Saharan Africa. 2. Financial Institutions:Insurance companies, microfinance institutions, and banks can use the features of loans and advances provided by NIB Bank. 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. Commercial Bank of Ethiopia Environmental and Social Policy Page 3 1. 0
(or man-made) disaster. Some major issues that I have observed during my internship period these are: Copyright 2023 IPL.org All rights reserved. Here, a seller receives a payment from a buyer before the shipment occurs, the agreed goods, or providing the agreed-upon service. Britvic plc. brute-force into your accounts. Existing organization can know what they need to change and respond through using SWOT analysis and new organization could use SWOT analysis to investigate the existing business world and think what the new organization could do to compete with the. For instance, what students opening their first Moreover, I would frame them as an industry that measures their success by ROA and ROE, metrics that is influenced by their ability to buy deposits and sell loans. Its the most critical threat that can make or break a The company can pursue horizontal integration to consolidate and bring efficiencies but I believe it will be a short term relief. P.O.Box: 5550 Tel: +251 115 517 430 E-mail: nbeinfo@nbe.gov.et Fax: +251 115 514 588 Avenue: Sudan Street. According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia has tested various concepts in different markets and come up with successful Sales & Marketing solutions. friti. - 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. It's there when we need to get back on our feet after a natural (or man-made) disaster. 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. Costs of managing each of the investment funds, like employees salaries, is to be carried by NIB Bank, known as the Mudarib. Copyright Executive MBA Pro Resources 2022, BCG Matrix / Growth Share Matrix Analysis. Ethiopia: An Emerging Market Opportunity. %PDF-1.4
%
- Inventory Management Based on the details provided in the Ethiopia: An Emerging Market Opportunity? E~nBm3wt20w@XP{\$e(*&5QI,#q!Za*L&r#G4+Epl`}!&
Lm^d]
n`z Commercial Bank of Ethiopia provides various financial products and services for individuals and businesses in Ethiopia. Threats are macro environment factors and developments that can derail business model of Ethiopian Ethiopia. millennials) crave more options. The suppliers/sellers submit documents into their drawers bank, and that is after the documents are forwarded to the importers automatically. to keep their information protected. - High Margins Ethiopian Ethiopia charges a premium compare to its competitors. TIN Tax identification number certificate. Quick Information. (Strengths and weaknesses are often internal to your organization, while opportunities and, threats generally relate to external factors. %%EOF
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). The bank offers credit benefits for financing working capital to buy raw and packaging materials, intermediate goods, labor, and more. NIB Bank offers two types of loans: For the Economic Sector and Credit Products. 5C Marketing Analysis of Ethiopia: An Emerging Market Opportunity? After experiencing a loss or natural calamity, the banking industry helps customers get back on their feet. Overdrafts: It is a credit advantage given to a customer for the short-term. Short statementTo view a short statement. - Track record on environment consideration is not very encouraging Ethiopian Ethiopia track record on environmental issues is not very encouraging. services, youll likely still need to make an appointment with a financial Required documents to open this account types are. As it is under the export category, those people can directly export to the outer market via NI Bank. 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. According to the National Center for Health Statistics, half of all surgical procedures require . Executive Summary Scope of Ethiopia - SWOT Analysis Report Research Methodology 2. "referred as Ethiopian Ethiopia in this analysis " is a Harvard Business Review (HBR) case study used for
The loan is used for investment and alike operations, Required documents to open a Qard account. 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 services. The National Bank of Ethiopia is putting its focus on the country's macroeconomic activity. banks) could suffer by proxy. NAB's strong capital, liquidity and funding position to strengthen the lending business. This analytical tool is perfect when companies want to analyze, plan or evaluate a new proposal, its competitors or develop a new product. NIB Bank offers an account which is of a non-interest bearing type. The weaknesses More than 700 shareholders jointly contributed 150 Million Birr as a paid-up capital. manufactures, markets and sells both Britvic and PepsiCo brands in UK and Ireland, supported by dedicated commercial teams in both countries. The lessee/customer is to give out any needed documents as required in the checklist as well as any other demanded documents. Dear sir! by spreading into rural areas. Its not meeting consumer demands or T,SV-1Mn&n}UZ(G \b]9#cL NK banks suffer from digital vulnerabilities and potential security bugs. Lastly, the final strength is that banks can create money, by using the reserve requirement to their advantage. more customers, but achieving such a move isnt a small feat. commercial banking and central banking. Keep in mind that the minimum amount to open a savings account is Birr 10. Students who are taking their higher education are recommended to have a Student account. Such services include. - Low Return on Investment Even though Ethiopian Ethiopia is having a stable balance sheet, one metrics that needs reflection is Return on Invested Capital. 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. 0000003513 00000 n
It can also lead to crowd sourcing various services and consumer oriented marketing based on the data and purchase behavior. The Ethiopia: An Emerging Market Opportunity? This is specifically tailored for women to encourage them to save and earn a higher and better interest rate than any other account type. The facility can be given out at one time or over a period of time, more than a year in most cases. Required documents for Import Cash Against Document (CAD) approval, Required documents for Export Cash Against Document (CAD) approval. According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia needs fundamental changes to business model rather than cosmetic changes. case study, Ethiopian Ethiopia can use this trend to expand in adjacent areas Government, Marketing. services, online banking, and building a relationship with the Here are some of the strengths of First National Bank. Trade services within the International Banking. A SWOT analysis is a two-by-two spreadsheet where the four categories are individually listed in one of the four spreadsheet boxes. 0000003762 00000 n
If a specific percentage is paid off of the value of the letter of credit, it is, the LC, to be opened with a certain percentage set by NIB Bank. 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.