Case Study Solution of Ethiopia: An Emerging Market Opportunity? Also, it is quoted on the London Stock Exchange and is a constituent of the FTSE 250 Index. These factors should also be external components reflective of the current business environment. Dear sir! 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. The good news is that there are opportunities There are many types of credit products that NIB Bank provides for Ethiopians and non-resident (Diaspora). they can easily go to. Case Memo & Recommendation Memo of Ethiopia: An Emerging Market Opportunity? Vacancy; procurement notice; Foreign Currency Reg. NIB Bank might demand collateral from the customers in order to secure finances. 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. To this end, the NBE conducted, in November 2009, its first bank risk management survey. There are many positives associated with the banking industry though, as this SWOT analysis of the banking industry will explain. Im very enjoys to your hardworking on this website Thank you response needed, Your email address will not be published. Final Thoughts about the SWOT Analysis of the Banking Industry The banking industry is old, which proves its 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. 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 . 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. Using Ethiopian Ethiopia strengths to consolidate and expand the market position. 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 . 0000247933 00000 n friti. 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. Everyone needs loans and everyone wants to save money and increase it with interest as well. A SWOT analysis of a bank formally evaluates the financial institution's strengths, weaknesses, opportunities and threats. Financial Institutions:Insurance companies, microfinance institutions, and banks can use the features of loans and advances provided by NIB Bank. This can help Ethiopian Ethiopia in thwarting the challenges of competitors in various industries Government, Marketing. The account is opened with a zero profit-sharing margin. industry also has its fair share of threats: The biggest threat to any industry handling business. It allows a customer to transfer funds between his/her own accounts. Request a cheque book by stating the number of leaves a customer needs. 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. 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. worldwide poverty. >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). It is reflected on the reviews on various on-line platforms. Commercial Bank of Ethiopia Environmental and Social Policy Page 3 1. Britvic plc. by offering higher credit limit. - Squeezing Middle Class in Developed and Developing World The growing inequality is one of the biggest threat to not only globalization but also to capitalism. The National Bank of Ethiopia Directive to License and Authorise Interest Free Banking Business, Directive . providing services to rural areas can be more trouble than its worth also be trouble for banks. Services that are provided by NIB MOCASH: General Information about your own account. Requirements needed to be fulfilled from Exporters, Requirements needed to be fulfilled from Importers, Requirements needed to be fulfilled from Manufacturers. Serving more than 800,000 customers, NIB Bank promises to introduce new products, services, and experiences for its customers. Analysis of Ethiopia: An Emerging Market Opportunity? Having a banking app isnt enough consumers (especially Ethiopia: An Emerging Market Opportunity. More than 700 shareholders jointly contributed 150 Million Birr as a paid-up capital. It has experimented in various areas Government, Marketing. However, it credits to the depositors account on or after the maturity of each deposit contract(s). <<8432E87EFE472B4EBDDB80827F6C89FA>]>> According to John A. Quelch, Sunru Yong of Ethiopia: An Emerging Market Opportunity? friti. NIB Bank offers this account for newly born babies, in which their parents can start saving for them. It has the same processes of Gojo/Guzo Saving Account A, in which either Ethiopian nationals or Diaspora can have their account opened with zero balance, as they receive their money via IMTA, SWIFT, or hard currency. For all kinds of decisions and situations firms consider SWOT analysis to be the most useful tool. 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 Marketing Strategy and Analysis Ethiopia: An Emerging Market Opportunity? Ethiopia: An Emerging Market Opportunity? websites they can make sure their own is heavily protected against hackers. Customers of Nib International Bank can call to *865# to know more about and use NIB Banks mobile banking services. SWOT Analysis stands for - Strengths, Weaknesses, Opportunities, and Threats that Ethiopian Ethiopia encounters both internally and in macro environment that it operates in. Its there when we need to get back on our feet after a natural commercial banking and central banking. Anyone who is underaged (under 18) can have this account opened. money. This includes mutual A letter declaring the exporters commitment to repay the full amount of the export proceeds in foreign exchange, or to produce a customs declaration for the entry of goods into Ethiopia. Overdraw:An overdraw is a temporary credit product that permits a customer of NIB Bank to draw a number of funds that is limited, which is over and above the overdraft limit So as to satisfy unplanned cash shortages that happen throughout the year. Expert Assignment Help on National bank of oman swot analysis internal environment analysis of national. 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! SWOT Analysis stands for Strengths, Weaknesses, Opportunities, and Threats that Ethiopian Ethiopia encounters both internally and in macro environment that it operates in. Effectively using its capital to generate profit - RoCE improving in last 2 years. (Strengths and weaknesses are often internal to your organization, while opportunities and, threats generally relate to external factors. Identifying and capitalizing on these areas of potential opportunity helps to keep a bank competitive. the global market. 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. Nib International Bank has located ATMs at most places for NIBs. NIB Bank purchases and sells foreign currency in cash notes in all of its branches. 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. According to John A. Quelch, Sunru Yong , there is huge scope of improvement in inventory management. 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. If banks fail to address the demands and The company can pursue horizontal integration to consolidate and bring efficiencies but I believe it will be a short term relief. SWOT Analysis stands for - Strengths, Weaknesses, Opportunities, and Threats that Ethiopian Ethiopia encounters both internally and in macro environment that it operates in. It is to be on a collection basis that the customer presents the documents required. 3. A swot analysis is an analytical tool whereby the positive and negative internal and external aspects of a company or entrepreneur are analysed. 3. It's there when we need to get back on our feet after a natural (or man-made) disaster. bm222_242_final_20032015.pdf. There were 30,537 surgical procedures in the United States in 2012, according to the World Bank. Required documents for Import Cash Against Document (CAD) approval, Required documents for Export Cash Against Document (CAD) approval. The repayments can be done either quarterly, monthly, semi-annually, or annually. Supply and demand have fostered this Brief History of ETHIOPIA. 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. According to John A. Quelch, Sunru Yong , Ethiopian Ethiopia has tested various concepts in different markets and come up with successful Sales & Marketing solutions. 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. banks suffer from digital vulnerabilities and potential security bugs. Strengths and Weaknesses are often restricted to companys internal - resources, skills and limitations. Britvic plc. Banks have an imperative role in our economic growth, and development. This type of credit product is designed to perform as structured repayment. Transport:There are many loan and advance services identified for the transport sector, such as : Public Transport services,Automobiles for Staff and others, Dry and liquid freight cargo, Air Transport such as Cargo and Passenger and Marine Transport. Money Transfer:To transfer money from an account to another account. 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. 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. "referred as Ethiopian Ethiopia in this analysis " is a Harvard Business Review (HBR) case study used for Opportunities can emerge from various factors such as - technological innovations, economic growth, changes in consumer preferences, increase in consumer disposable income, and political developments & policy changes . The strengths will appear in the top-left box, and the opportunities will appear in the bottom-left box. `ac$bdpA X6'0[ e`94H3G u The National Bank of Ethiopia is putting its focus on the country's macroeconomic activity. as domestic ones that can meet international standards to export. SWOT Analysis and Solution of Ethiopia: An Emerging Market Opportunity? Business is my passion and i have established myself in multiple industries with a focus on sustainable growth. If the Bank suffers losses in its business ventures, the loss will be compensated to the customer/depositor/investor using a reserve account. Building & Construction: NIB Bank offers its customers an opportunity to be engaged in construction and its maintenance and renovations. This section deals with SWOT analysis to help FNB reach its objectives. 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. 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. This is targeted at those who are beneficiaries of money remittances and are living abroad. Introduction Commercial Bank of Ethiopia (CBE) is one of the oldest public banks established in 1942 as a State Bank. 5C Marketing Analysis of Ethiopia: An Emerging Market Opportunity? Coupled with customers no longer trusts banks, which equals low customer satisfaction and many banks have low brand recognition (CountyBank). financially. At this level bank must see the customers need that which type of product and services they want. By definition, Strengths (S) and Weaknesses (W) . It will also require segmenting customers to Another reason for the lack of access is because 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. 4P Marketing Analysis of Ethiopia: An Emerging Market Opportunity? Required documents for Import Letters of Credit approval. NIB Bank might demand collateral from the customers in order to secure finances. -Economic activity remained strong in 2015 mainly driven by domestic demand. Europe holds more than 50% of Industry: Those who are participating in the industry production goods are welcomed to use loans and advances for the Industry sector by NIB Bank. - Intellectual Property Rights Ethiopian Ethiopia has garnered a wide array of patents and copyrights through innovation and buying those rights from the creators. Other Fund Transfer:You are allowed to transfer funds to other customers accounts within NIB Bank & non-account holders. Students who are taking their higher education are recommended to have a Student account. manufactures, markets and sells our their category-leading brands, as well as supplying private label juice and syrups. does the banking industry offer to consumers? - 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. In order to remain competitive, a bank should focus on these areas of weakness to improve its performance. Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect. Published by HBR Publications. The National Bank of Ethiopia was established in 1963 by Proclamation 206 of 1963 and began operation in January 1964. . 0000005873 00000 n 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). Feel free to connect with us if you need business research. The lessee/customer is to give out any needed documents as required in the checklist as well as any other demanded documents. PESTEL / PEST / STEP Analysis of Ethiopia: An Emerging Market Opportunity? ), -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. Company Profile. - 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. In the area of strengths, a SWOT analysis should list the areas where the bank is succeeding and excelling in reaching its goals. 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. was established on 26 May 1999 under license no. Every company goes through extensive planning and analyzing when contemplating location-related decisions. A SWOT analysis is a two-by-two spreadsheet where the four categories are individually listed in one of the four spreadsheet boxes. exchange system. Get full access to SWOT Analysis of stock with Moneycontrol Pro. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. 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. - Inventory Management Based on the details provided in the Ethiopia: An Emerging Market Opportunity? For instance, what students opening their first Although there is nothing banks can do for breaches on other 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. Senior citizens are recommended to have a Senior Citizens account. 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. 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. 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. This is a unique type of savings, where you dont have to come to the bank. Nib Bank provides multi-services to clients in different trade sectors. Our product line also features comprehensive information regarding to how to start a Commercial Bank business. You are allowed to transfer funds between your own accounts. However, here a customer can draw a limited amount of funds that have been set as a limit. is a British soft drinks producer in Hemel Hempstead. 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. MBA & EMBA programs. At EMBA PRO Bringing two recent photographs for each individual will start the process for this account. 0000000636 00000 n 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. 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. .This report provides SWOT for Ethiopia. - Managing Regulations and Business Environment Ethiopian Ethiopia operates in an environment where it faces numerous regulations and government diktats. 0000001198 00000 n 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. services, online banking, and building a relationship with the 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 banking industry is old, which proves its 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. infrastructure to host online services. 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. Its also one factor behind increased employment and the reduction of A copy of the sales contract and authenticated Letters of Credit. Similar to a current account, it is operated by cheque. To be qualified for profit sharing, a minimum of Birr 5,000 must be deposited in ones account. , we specialize at analyzing & providing comprehensive, corporate SWOT Banks have plenty of competition. 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. 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. 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.

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