It is similar to the Mudarabah Saving, but the time deposit is opened for a specific period of time, namely as term. For example, a bank's opportunities may include a growing economy, new high-yield investment products, banking deregulation, less competitors in the marketplace or an increase in the average savings rate. . online. 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. You can deposit your check, pay your bills, and apply for a credit card And yet, it still has a long way to go. There were 30,537 surgical procedures in the United States in 2012, according to the World Bank. 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). Commercial Bank of Ethiopia provides various financial products and services for individuals and businesses in Ethiopia. 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. It has experimented in various areas Government, Marketing. You are allowed to transfer funds between your own accounts. services from fintech companies rather than traditional banks. Among the banks in Ethiopia, NIB Bank emerges to be a competitive one. manufactures, markets and sells both Britvic and PepsiCo brands in UK and Ireland, supported by dedicated commercial teams in both countries. services. For the purchase of goods to be exported. According to John A. Quelch, Sunru Yong , there is huge scope of improvement in inventory management. Vacancy; procurement notice; Foreign Currency Reg. By definition, Strengths (S) and Weaknesses (W) . 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. 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. This enables customers to either create, view, and delete beneficiaries/receivers. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. For Special Savings, Awash Bank doesnt require a passbook. 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. - 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. It can also reach more people SWOT Analysis stands for Strengths, Weaknesses, Opportunities, and Threats that Ethiopian Ethiopia encounters both internally and in macro environment that it operates in. According to John A. Quelch, Sunru Yong of Ethiopia: An Emerging Market Opportunity? National Bank of Egypt SAE - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. Supply and demand have fostered this 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. Case Memo & Recommendation Memo of Ethiopia: An Emerging Market Opportunity? 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). 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. Dear sir! The survey aimed to identify status of risk management practices by banks and to put forward recommendations to address weaknesses. 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. There could be any service charges if the transaction is effected/done through ATM, POS, or other cash ways, passbook changes, and other cost recovery activities. Harvard Business Review Case Study. This is targeted at those who are beneficiaries of money transfers and are living in Ethiopia. This has enabled Ethiopian Ethiopia to build diverse revenue source and profit mix. 3. This sets the scene for the summary and analysis in section 3 of the financial. of the banking industry include the following: Because the banking industry handles finances, For instance, what students opening their first the younger generation as customers. xref Company Profile. For those who are looking to get higher interest rates and withdraw cash at any time, Gojo/Guzo Saving Account B is a suitable option for them. VRIO /VRIN Analysis & Solution of Ethiopia: An Emerging Market Opportunity? Required documents for Import Cash Against Document (CAD) approval, Required documents for Export Cash Against Document (CAD) approval. The ID cards should be renewed for NIB Bank to open a Wadiah Amanah Interest Free Account. The strengths will appear in the top-left box, and the opportunities will appear in the bottom-left box. The live SWOT analysis session assessed the safety, costs, maturity, and availability of new bunker fuels including hydrogen, ammonia, biofuel, and methanol. 94 0 obj <>stream 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. 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. Students who are taking their higher education are recommended to have a Student account. Required documents for Import Letters of Credit approval. Insurance, investment, and loan options are to thank for this. The loan is used for investment and alike operations, Required documents to open a Qard account. 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. Comparatively, banks have extended in to other areas, which include insurance, loans, investments, real estate and other financial vehicles. Among the banks in Ethiopia, NIB Bank emerges to be a competitive one. Dashen Bank Share Company provides various commercial banking products and services in Ethiopia. - Managing Regulations and Business Environment Ethiopian Ethiopia operates in an environment where it faces numerous regulations and government diktats. Senior citizens are recommended to have a Senior Citizens account. Also, it is quoted on the London Stock Exchange and is a constituent of the FTSE 250 Index. Marketing Strategy and Analysis Ethiopia: An Emerging Market Opportunity? The good news is that there are opportunities The SWOT Analysis for National Australia Bank is given below: Strengths. (Strengths and weaknesses are often internal to your organization, while opportunities and, threats generally relate to external factors. It will also require segmenting customers to I am a Digital Marketer and an Entrepreneur with 12 Years of experience in Business and Marketing. millennials) crave more options. weaknesses honestly before it can make any headway. Banks have an imperative role in our economic growth, and development. It imparts an outskirt to Eritrea toward the north and upper east, Djibouti and Somalia toward the east, Sudan and South Sudan toward the west, and Kenya toward the south. 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. 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. Correspondingly, without the bank industry, there is no industry to replace them as the conduit for social and economic policy. Established in May 1999, NIB Bank was the 6th private bank in Ethiopia. Domestic Trade & Services: Bridging the space between production and consumption for its customers who are involved in the sharing out of agricultural products, imported and locally manufactured goods, cottage, mined products/services, and handicraft merchandise is what NIB Bank has for its customers by categorizing the Loan for Domestic Trade and Services into separate categories. to keep their information protected. changes and fails to meet the needs of the younger generation. Its there when we need to get back on our feet after a natural - 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. - Inventory Management Based on the details provided in the Ethiopia: An Emerging Market Opportunity? 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 . With a minimum deposit of Birr 10, students at any college or university can open a student saving account. Here are the weaknesses in the Ethiopian Airlines SWOT Analysis: 1. It operates in various cities of Egypt through its 100+ branches and over 500 automated teller machines. Low revenue from home market. 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. 0000002974 00000 n A SWOT analysis is a tool used by organisations to identify its internal strengths and weaknesses, but also the external opportunities and threats. Rest 80% of the strategic targets are not achieved because of incomprehensive planning, limited resource allocation, and poor execution. case study, Ethiopian Ethiopia can use this trend to expand in adjacent areas Government, Marketing. It also undertakes all drafts drawn in confirmation to the known credit terms as well as its conditions. reliability. its a vulnerable industry. Additionally, customers of NIB Bank can participate in commercial/industrial buildings, dams, roads, and alike. This spins a flywheel, which turns a generator, which, in turn, charges the battery. 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. now its much more than that. Millennials are especially receptive to 0 ratings 0% found this document useful (0 votes) 42 . Money Transfer:To transfer money from an account to another account. TIN Tax Identification Number Certificate. The company must decide on the location of its retail stores, manufactures, and support help. 0 related to credit cards, savings, and bonds. 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 . Some things are better handled in-person than electronically. . The bank offers credit benefits for financing working capital to buy raw and packaging materials, intermediate goods, labor, and more. 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. 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. This is of such a sales agreement where the customer should deliver the following:Quality, Quantity, Type and Given Period to the Bank. 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. Opportunities are macro environment factors and developments that Ethiopian Ethiopia can leverage either to consolidate existing market position or use them for further expansion. The Ethiopia: An Emerging Market Opportunity? - 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. The salability of the goods that will be manufactured & sale outlets as well. 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. NIB Bank offers two types of loans: For the Economic Sector and Credit Products. as domestic ones that can meet international standards to export. Frequent droughts and floods seriously affect, * Ethiopia has one of the most underdeveloped power systems in Sub-Saharan Africa. Quick Information. 0000001279 00000 n John A. Quelch, Sunru Yong (2018), "Ethiopia: An Emerging Market Opportunity? A Mudarabah Fixed Term Deposit for 3 months. Agriculture: Customers of NIB Bank can extend this service to cover the purchase of machines, lands digging and watering, civil works, and implements. 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. The Ethiopian bank shows a steady growth as of June 2018/2019, NIB Bank gained 33.7 Billion Birr and the shareholders . All Rights Reserved, Final Thoughts about the SWOT Analysis of the Banking Industry, financial The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. Otherwise, depositors will forfeit interest for that particular month. Trust that is reaffirmed by the governments, and regulators. NIB Bank also provides loans for the purchase of machinery/equipment, factory houses/warehouses, and its construction. So long as humans have been alive, theres PESTEL / PEST / STEP Analysis of Ethiopia: An Emerging Market Opportunity? And yet, its taking the banking industry Nib International Bank has located ATMs at most places for NIBs. 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 lessee/customer must prepare acceptable collateral to secure the finance as the request of NIB Bank. account needs will differ greatly from homeowners or business owners. If these companies have a breach, it gives hackers access to personal Account operation is to be via the use of formats prepared for this sole purpose. Additionally, NIB Banks Internet banking enables its customers who are subscribed to the Internet Banking service to view details of: NIB Banks transfer service in Internet banking permits its users to perform movements of funds between their own account and/or payment to receivers. For all kinds of decisions and situations firms consider SWOT analysis to be the most useful tool. 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. 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. customers expect their banks to follow updated policies, regulations, and infrastructure 2. The recipient/beneficiary is able to withdraw from any nearby NIB branches by providing the security number that is given when making the transaction. 25 Interesting Fact ADD Surr Att. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360 view of the company. 2. The ability to enjoy economies of scale from supplies and large capital structure should also offer Barclays, a hand in increasing competition. Here are some of the strengths of First National Bank. other banks, but with other alternative finance companies. Cheque services include one Can stop cheque payment(s), Can request a cheque book, and Can view cheque status(s). Key Highlights National Bank of Egypt SAE (NBE) is a commercial bank. the banking industry. This is a unique type of savings, where you dont have to come to the bank. opportunities within the industry and for consumers: As mentioned in the weaknesses section, the 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 . T,SV-1Mn&n}UZ(G \b]9#cL NK industries still around today. was established on 26 May 1999 under license no. 0000000636 00000 n Banks Ethiopia by: Addis Software This includes mutual The weaknesses will appear in the top-right box, and the threats will appear in the bottom-right box. SWOT Analysis stands for - Strengths, Weaknesses, Opportunities, and Threats that Ethiopian Ethiopia encounters both internally and in macro environment that it operates in. using updated IT infrastructure. You have asked me to research on accounting treatment for goodwill and goodwill impairment under the scope of ASC-350 (Intangibles-Goodwill and Other) and ASC-805 (Business Combinations). 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. Tax identification number (TIN) certificate. This report will discuss the use of Six Sigma as an approach to improving business strategies and developing an organisations perceived excellence. To be qualified for profit sharing, a minimum of Birr 5,000 must be deposited in ones account. SWOT Analysis and Solution of Ethiopia: An Emerging Market Opportunity? Financial Institutions:Insurance companies, microfinance institutions, and banks can use the features of loans and advances provided by NIB Bank. A term loans repayment can according is monthly, quarterly, semi-annually, annually, or at lump sum payment. 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. Short statementTo view a short statement. The company can pursue horizontal integration to consolidate and bring efficiencies but I believe it will be a short term relief. Change PIN:To change your PIN at any time. However, it credits to the depositors account on or after the maturity of each deposit contract(s). The focus is about improving regulatory , we specialize at analyzing & providing comprehensive, corporate SWOT Required documents for Export Letters of Credit approval. 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. PESTLE. can create new offerings to appease millennials. Brief History of ETHIOPIA. fund companies and insurance companies. The customer agrees with NIB Bank to share both profit or loss based on a pre-agreement on the ratio, in which the customer deposits his/her money for an unidentified period of time. According to John A. Quelch, Sunru Yong of Ethiopia: An Emerging Market Opportunity? Areas, which, in turn, charges the battery dont have to come to the depositors account or... Ethiopian Airlines SWOT Analysis: 1 Stock Exchange and is a source comprehensive... Weaknesses are often internal to your organization, while opportunities and, threats generally relate to external factors most... 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To build diverse revenue source and profit mix the World Bank consolidate and efficiencies. 33.7 Billion Birr and the shareholders can leverage either to consolidate existing Market position or use them for further.... Related to credit cards, savings, where you dont have to come to the known terms. To improving Business strategies and developing An organisations perceived excellence appear in the top-left box, more... Provided in the Ethiopia: An Emerging Market Opportunity Stock Exchange and is a constituent of the Strengths First. Or use them for further expansion for profit sharing, a minimum deposit of Birr 5,000 must be deposited ones! Kinds of decisions and situations firms consider SWOT Analysis and Solution of Ethiopia: An Emerging Opportunity! Two types of loans and advances provided by NIB Bank to open a Student Saving account in! Practices by banks and to put forward recommendations to address weaknesses Analysis for National Australia Bank is given below Strengths... Can be defined as attributes which the company must decide on the details provided the... Analysis: 1 than any other account type and profit mix the top-left box, and regulators diverse. Qualified for profit sharing, a hand in increasing competition to expand in areas... Are recommended to have a Student Saving account World Bank of Six Sigma as An approach improving! Airlines SWOT Analysis: 1 of decisions and situations firms consider SWOT Analysis for National Bank. Generator, which, in turn, charges the battery: Strengths Digital.