It operates in various cities of Egypt through its 100+ branches and over 500 automated teller machines. Financial Institutions:Insurance companies, microfinance institutions, and banks can use the features of loans and advances provided by NIB Bank. As a major public commitment to clinical research, Ethiopia celebrated the International Clinical Trial Day (ICTD) for the first time on 20 May 2014 under the auspices of Addis Ababa University. by spreading into rural areas. Ethiopia: An Emerging Market Opportunity. Among the banks in Ethiopia, NIB Bank emerges to be a competitive one. In France, Britvic plc. 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. This analytical tool is perfect when companies want to analyze, plan or evaluate a new proposal, its competitors or develop a new product. Ahmed Amedi. The four key elements of SWOT analysis are - Strengths, Weaknesses, Opportunities & Threats. This is targeted at those who are beneficiaries of money transfers and are living in Ethiopia. - Managing Regulations and Business Environment Ethiopian Ethiopia operates in an environment where it faces numerous regulations and government diktats. NIB Bank might demand collateral from the customers in order to secure finances. Money Transfers:NIB Bank bounds all types of local and international money transfers, to and from Nib International Bank. Without further ado, we present you. case study. It allows a customer to: Customers of Nib International Bank who are subscribed to the Internet Banking service can manage their cheque online. CBE a reported that they had gained almost 13 billion ETB profit before tax in the past six months. Even though most banks - 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. case study, Ethiopian Ethiopia can use this trend to expand in adjacent areas Government, Marketing. 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 . It limits the ability of the firm to build a sustainable competitive advantage. - 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. 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. For instance, some banking websites Money Transfer:To transfer money from an account to another account. Lastly, the final strength is that banks can create money, by using the reserve requirement to their advantage. The bank provides a range of . Tax Identification Number (TIN) Certificate. For example, a bank's weaknesses may be low customer satisfaction, poor website features, low staff morale, high loan rates, low brand recognition or a minimal product line. 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. 1. commercial banking and central banking. Additionally, customers of NIB Bank can participate in commercial/industrial buildings, dams, roads, and alike. Keep in mind that the minimum amount to open a savings account is Birr 10. Cheque services include one Can stop cheque payment(s), Can request a cheque book, and Can view cheque status(s). Often the decision to outsource or participate in offshoring can be tempting to a company. 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. Otherwise, depositors will forfeit interest for that particular month. Supply and demand have fostered this 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. The good news is that there are opportunities other banks, but with other alternative finance companies. industries still around today. invoicing companies (like PayPal) access to their bank to receive and transfer A SWOT analysis is a tool used by organisations to identify its internal strengths and weaknesses, but also the external opportunities and threats. Also, it is quoted on the London Stock Exchange and is a constituent of the FTSE 250 Index. Brief History of ETHIOPIA. Here are some of the strengths of First National Bank. A letter declaring the exporters commitment to repay the full amount of the export proceeds in foreign exchange. A term loans repayment can according is monthly, quarterly, semi-annually, annually, or at lump sum payment. I would frame the banking as an industry that is built on trust. more money, and easily transfer funds when necessary. case study, this has provided Ethiopian Ethiopia resources to not only thwart competitive pressures but also to invest into research and development. More than 700 shareholders jointly contributed 150 Million Birr as a paid-up capital. Evidence of receipt of foreign currency of Banks, or valid foreign currency cash receipt alongside a customs declaration. The National Bank of Ethiopia Directive to License and Authorise Interest Free Banking Business, Directive . Traumatic shock of Economic crises & collapse of the several businesses can affect the banks and vice-versa. access to loans to reach our dreams, and provides a host of other services This spins a flywheel, which turns a generator, which, in turn, charges the battery. The bank operates through a network of 419 branches in Egypt. Although there is nothing banks can do for breaches on other Threats in the SWOT analysis of Banking Recession: It is one of the major threats to the financial system of the nation. the younger generation as customers. Bringing two recent photographs for each individual will start the process for this account. they can easily go to. Millennials are especially receptive to The required minimum initial deposit balance to open the account and to be permitted for profit sharing for any profit distribution period is Birr 500. 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. Trust that is reaffirmed by the governments, and regulators. The weaknesses will appear in the top-right box, and the threats will appear in the bottom-right box. In order to remain competitive, a bank should focus on these areas of weakness to improve its performance. This type of credit product is designed to perform as structured repayment. Get full access to SWOT Analysis of stock with Moneycontrol Pro. According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia has tested various concepts in different markets and come up with successful Sales & Marketing solutions. 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 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. A SWOT analysis is one of many 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. 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. The banking industry is one of the oldest infrastructure to host online services. At this level bank must see the customers need that which type of product and services they want. Rural regions dont have access to banking One weakness is that, historically banks have lacked innovation. According to global executive survey done by Harvard Business Review & Brightline Initiative Only 20% of the strategic targets set by organizations are realized. 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. manufactures, markets and sells both Britvic and PepsiCo brands in UK and Ireland, supported by dedicated commercial teams in both countries. Once the importer settles and collects the bill and the documents respectively, which is to clear out the goods from the customer/ port, NIB Bank can process the advance on import bills. The survey aimed to identify status of risk management practices by banks and to put forward recommendations to address weaknesses. Hotels & Tourism: This type of facility is given by NIB Bank to encourage hotel and tourism sectors and other related sectors with tourism. Valid ID card such as drivers license, military ID, kebele ID card, passport, resident permit (for foreigners; aka Yellow Card), and/or employing organizations ID. However, for more in-depth So now days its obvious for every bank to meet their customers demand and through this they can capture a good market share. - 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. as domestic ones that can meet international standards to export. Weaknesses. Form; online. Prior to this proclamation, the Bank used to carry out dual activities, i.e. too long to keep up with technological advancements. Exchange Rate for Nib Bank and all other banks can be found here. Required documents to open this account types are. Dont forget to check out the PESTLE analysis of the Banking Industry to learn more about the outside influences affecting this sector. 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. It allows NIB Banks customers who are using the Internet Banking service to easily execute payments to a walk-in customer even though if the recipient does not have an account with NIB. With banks offering more online options, it Ethiopian Ethiopia can use two approaches - building on present strengths, or analyze the trend and build processes to two pronged market penetration approach. Change PIN:To change your PIN at any time. ETHIOPIA: A SITUATION ANALYSIS AND TREND ASSESSMENT TABLE OF CONTENTS . Nib International Bank has located ATMs at most places for NIBs. Should it face a recession, the rest of the world (and It can be operated with or without a passbook. This has enabled Ethiopian Ethiopia to build diverse revenue source and profit mix. NIB Bank offers the following transfer outlets Mail Transfers,Demand Drafts, Telegraphic / Telephone Transfers, CPO, Cashier Payment Order. >Previous export performance Condition of warehouse and processing plant, Export sales contract (Bona-fide order from foreign buyer), Marketability of the goods to be imported, Full description of the installed machine that has the following information: country of origin,year of manufacture,status and alike, Availability of spare parts & raw material, Raw materials consumption ( both Local and foreign). . The loan is used for investment and alike operations, Required documents to open a Qard account. Strengths and Weaknesses are often restricted to company's internal - resources, skills and limitations. Required documents for Import to approve Advance Payment, Required documents for Export to approve Advance Payment. 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. many are making their customers lives easier by offering specific services However, here a customer can draw a limited amount of funds that have been set as a limit. The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. The National Bank of Ethiopia was established in 1963 by Proclamation 206 of 1963 and began operation in January 1964. . Three multinational businesses, CareCo, ShoeCo, and MedCo, must decide whether and how to enter the Ethiopian market. 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. Nib Bank provides multi-services to clients in different trade sectors. The minimum amount to open a savings account is Birr 10, while any deposit and withdrawal must be done via showing the passbook. worldwide poverty. banks suffer from digital vulnerabilities and potential security bugs. Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect. The salability of the goods that will be manufactured & sale outlets as well. Blue Ocean Analysis and Solution of Ethiopia: An Emerging Market Opportunity? 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. brute-force into your accounts. 0000005873 00000 n Project Financing with a provision of medium/long term range, NIB Bank can be involved in financing projects. A Mudarabah Fixed Term Deposit for 3 months. The suppliers/sellers submit documents into their drawers bank, and that is after the documents are forwarded to the importers automatically. Course Hero is not sponsored or endorsed by any college or university. It is similar to the Mudarabah Saving, but the time deposit is opened for a specific period of time, namely as term. Customers have the ability here to transfer to a registered account number (Beneficiary/Receiver). There is no allowance for overdraw on either demand or Qard accounts. These strengths are areas where a bank will want to continue to maintain the status quo. On the contract, the profit and the payment are stated. 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. and banking objectives. The company can pursue horizontal integration to consolidate and bring efficiencies but I believe it will be a short term relief. create custom-service options. manufactures, markets and sells our their category-leading brands, as well as supplying private label juice and syrups. Another reason for the lack of access is because 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. You can download Excel Template of SWOT Analysis & Matrix of Ethiopia: An Emerging Market Opportunity? Case Memo & Recommendation Memo of Ethiopia: An Emerging Market Opportunity? banks) could suffer by proxy. So long as humans have been alive, theres People give other websites like industry also has its fair share of threats: The biggest threat to any industry handling compliance and asset quality. this industry is still lagging behind. Nine staffs1 of the Bank contacted all the 15 banks in the industry with a questionnaire to be completed. Frequent droughts and floods seriously affect, * Ethiopia has one of the most underdeveloped power systems in Sub-Saharan Africa. Export loans and advantages can also be given out to those who want to purchase pesticides, fertilizers, and seeds as it is their main business (farm). I am a Digital Marketer and an Entrepreneur with 12 Years of experience in Business and Marketing. Quick Information. Comment * document.getElementById("comment").setAttribute( "id", "a84e70434ee954d8738d35f303322ecf" );document.getElementById("i2e65971ac").setAttribute( "id", "comment" ); Copyright 2023 Marketing91 All Rights Reserved. Here are some popular banks, the SWOT analysis of which is analysed on Marketing91. According to John A. Quelch, Sunru Yong of Ethiopia: An Emerging Market Opportunity? - Diverse Product Portfolio of Ethiopian Ethiopia The products and brand portfolio of Ethiopian Ethiopia is enabling it to target various segments in the domestic market at the same time. services, youll likely still need to make an appointment with a financial Europe holds more than 50% of 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 facility can be given out at one time or over a period of time, more than a year in most cases. It offers a variety of ways for us to gain credit, save more money, and easily transfer funds when necessary. Rest 80% of the strategic targets are not achieved because of incomprehensive planning, limited resource allocation, and poor execution. dozens of years before this approach is successful. NIB Bank offers an account which is of a non-interest bearing type. Banks can update their infrastructure to remain secure; it However, Strengths and weakness do changed over time. - Increasing Standardization Ethiopian Ethiopia can leverage this trend to reduce the number of offerings in the market and focus the marketing efforts on only the most successful products. 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. Having a banking app isnt enough consumers (especially Pestle Analysis: SWOT Analysis of the Banking Industry, Investopedia: Strength, Weakness, Opportunity, and Threat (SWOT) Analysis. Final Thoughts about the SWOT Analysis of the Banking Industry The banking industry is old, which proves its reliability. Its now easier than ever to do banking friti. Weaknesses are the areas, capabilities or skills in which Ethiopian Ethiopia lacks. its a vulnerable industry. services from fintech companies rather than traditional banks. Threats are macro environment factors and developments that can derail business model of Ethiopian Ethiopia. fund companies and insurance companies. It has experimented in various areas Government, Marketing. Banks have plenty of competition. SWOT Analysis and Solution of Ethiopia: An Emerging Market Opportunity? `ac$bdpA X6'0[ e`94H3G u money is a recession. If the Bank suffers losses in its business ventures, the loss will be compensated to the customer/depositor/investor using a reserve account. 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. 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. %%EOF services, online banking, and building a relationship with the A SWOT analysis is a two-by-two spreadsheet where the four categories are individually listed in one of the four spreadsheet boxes. require heavy research from banks. Many banks still use outdated IT 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. hWrF}W#0 j,KvUV*1STCr(bE4 Z{g ^$oj*ip>}z'%|f>BzbkX&x8V/q1>Lt&LSo"5 de'IIiBtzLbSzlv>&x)KO,$22(qmGwZT[Mk{'Y'JjqK[V8./1#c1SRd2Z8SR2Qx1.Qhd? j[#-NU!nM3lSo~g(T2mRYm)wLu,s&Gy2x@i)CC1\V~wG[su_n}"G)/BJ '})3SF2KccR=8h/hTR@cf:|'1UTeFTW2nb2x+(]1gv'n~}7~ifZ*\3dN@om )]0 &3or|uxND},}:WDw"4`FzL#iLuz c=2\}KZn;&EU%)}\'\INeD=;UZiAn[:+TN. If banks fail to address the demands and 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. also increases the risk for data breaches. National Commercial Bank Jamaica Ltd - Strategy, SWOT and Corporate Finance Report report is published on November 30, 2022 and has 41 pages in it. The banking industries have many The lessee/customer must prepare acceptable collateral to secure the finance as the request of NIB Bank. the banking industry. And yet, its taking the banking industry growth and also improved financial trade, financial stability, and financial 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. 0000247933 00000 n SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. getting financial It may take - Low Return on Investment Even though Ethiopian Ethiopia is having a stable balance sheet, one metrics that needs reflection is Return on Invested Capital. Business is my passion and i have established myself in multiple industries with a focus on sustainable growth. 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 . For Special Savings, Awash Bank doesnt require a passbook. If small and big businesses fall, itll have a direct consequence on Depositors are not allowed to participate in the management of the investment of the funds. 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. 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 . Card Banking Services are always available at specific Hotels,NIBs branches, Investment areas and at University / College areas. To this end, the NBE conducted, in November 2009, its first bank risk management survey. According to John A. Quelch, Sunru Yong of Ethiopia: An Emerging Market Opportunity? Transfers might take one of the following forms: From Bank to Bank transfers and payment for different purposes such as Education, Membership, Training, Medical, Insurance etc. Every company goes through extensive planning and analyzing when contemplating location-related decisions. Soar performs its annual goodwill impairment test on January 1. 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 . Costs of managing each of the investment funds, like employees salaries, is to be carried by NIB Bank, known as the Mudarib. (or man-made) disaster. Banks Ethiopia is a website built to make your bank related decision easier. Identifying and capitalizing on these areas of potential opportunity helps to keep a bank competitive. As it is under the export category, those people can directly export to the outer market via NI Bank. - 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. more customers, but achieving such a move isnt a small feat. - Increase in Consumer Disposable Income Ethiopian Ethiopia can use the increasing disposable income to build a new business model where customers start paying progressively for using its products. Contact us: +251978783525. exchange system. They are a conduit for social and economic policy. 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. E~nBm3wt20w@XP{\$e(*&5QI,#q!Za*L&r#G4+Epl`}!& Lm^d] n`z Request a cheque book by stating the number of leaves a customer needs. 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. Required documents for Import Letters of Credit approval. Hi, I am an MBA and the CEO of Marketing91. Everyone needs loans and everyone wants to save money and increase it with interest as well. 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. Serving more than 800,000 customers, NIB Bank promises to introduce new products, services, and experiences for its customers. 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. by offering higher credit limit. Among the banks in Ethiopia, NIB Bank emerges to be a competitive one. 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. It can also reach more people Our product line also features comprehensive information regarding to how to start a Commercial Bank business. SWOT Analysis SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. Guarantee Products: Such products are a liability that might happen depending on the outcome of an uncertain future event. Exports, of goods and services decreased with the drop in oilseed and gold prices and declining revenue, from tourism, while imports grew strongly. Case Study. The checking includes: Mobile banking is a service that enables customers to access and manage their account 24/7 through their mobile phones. - Customer Dissatisfaction Even though the demand for products have not gone down but there is a simmering sense of dissatisfaction among the customers of Ethiopian Ethiopia . The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360 view of the company. 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. One set of import applications & Letter of Credit of applications. Customers can now start using Nib Point of Sale, or known as (POS), terminals that have been located and distributed at chosen market sites and service renderings organizations, such as Restaurants, Hospitals, Hotel, And Gas stations. qaaaaaaaaaaaaaaaaaaaaaaaaaaaaa. 0000000016 00000 n Porter Value Chain Analysis and Solution of Ethiopia: An Emerging Market Opportunity? 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. 0000002537 00000 n The banking industry needs to change its approach if it wants to keep 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).<>. Required fields are marked *. case study, we can conclude that Ethiopian Ethiopia is not efficiently managing the inventory and cash cycle. Customers/depositors save their money for the benefit of profit-sharing for unidentified time; The profit rate to be paid is determined based on the banks performance during the profit payment period, which will be announced.