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 . Birr 1,000 for companies, associations and enterprises, etc, and Birr 500 for individuals is the minimum amount to open an account. 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 . If the Bank suffers losses in its business ventures, the loss will be compensated to the customer/depositor/investor using a reserve account. Services included in Murabaha are, but not limited to, of the following: Term Financing- For purchase of inputs, machinery, or short-term project financing. Case Memo & Recommendation Memo of Ethiopia: An Emerging Market Opportunity? This is targeted at those who are beneficiaries of money remittances and are living abroad. 0000003009 00000 n 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. 2. All Rights Reserved, Final Thoughts about the SWOT Analysis of the Banking Industry, financial 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 . Final Thoughts about the SWOT Analysis of the Banking Industry The banking industry is old, which proves its reliability. For more detailed SWOT Matrix strategy please go through the detailed analysis of strengths, weaknesses, opportunities, and threats in next section. its a vulnerable industry. Company Profile. NIB Bank is to accept any deposit by a customer who demands to have his principal money untouched so the money is just under safe custody with no benefits for an unidentified period of time. It can also reach more people Many banks still use outdated IT The activities in which the bank will involve in that might cause a profit or loss margin will be known to the customer so as to follow the Shariah law. You can deposit your check, pay your bills, and apply for a credit card 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 . Because of that, many NIB Banks customers may pay for goods as well as services they have purchased without carrying any kind of cash. 78 0 obj <> endobj by offering higher credit limit. 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). One weakness is that, historically banks have lacked innovation. These strengths are areas where a bank will want to continue to maintain the status quo. "referred as Ethiopian Ethiopia in this analysis " is a Harvard Business Review (HBR) case study used for Fluctuating currencies and exchange rates can . 3. The Sales & Marketing solutions & strategies has helped Ethiopian Ethiopia in coming up with unique solution to tap the un-catered markets. 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. Ethiopian Ethiopia can use two approaches - building on present strengths, or analyze the trend and build processes to two pronged market penetration approach. NIB Bank purchases and sells foreign currency in cash notes in all of its branches. A SWOT analysis can also address many other scenarios, such as new business initiatives, marketing budgets or even advertising campaigns, and is a valuable tool in bank management. Without further ado, we present you. The lessee/customer is to give out any needed documents as required in the checklist as well as any other demanded documents. Exchange Rate for Nib Bank and all other banks can be found here. now its much more than that. 0000000636 00000 n This includes mutual Agriculture: Customers of NIB Bank can extend this service to cover the purchase of machines, lands digging and watering, civil works, and implements. customers expect their banks to follow updated policies, regulations, and infrastructure SWOT Analysis stands for Strengths, Weaknesses, Opportunities, and Threats that Ethiopian Ethiopia encounters both internally and in macro environment that it operates in. 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. Hotels & Tourism: This type of facility is given by NIB Bank to encourage hotel and tourism sectors and other related sectors with tourism. financially. For all kinds of decisions and situations firms consider SWOT analysis to be the most useful tool. 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. like free credit score checks. LBB/007/99 in accordance with the Commercial Code of Ethiopia and the Proclamation for Licensing and Supervision of Banking Business Proclamation no. Anyone who is underaged (under 18) can have this account opened. Besides the known eligibility criteria, terms, and conditions of Ijarah, the customer must fulfill these requirements: Both the supplier and lessee should not be of affiliated companies. the younger generation as customers. It is similar to the Mudarabah Saving, but the time deposit is opened for a specific period of time, namely as term. 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. A letter declaring the exporters commitment to repay the full amount of the export proceeds in foreign exchange. Tax Identification Number (TIN) Certificate. How are you.? About deposit duration, NIB Bank offers its customers are three options: NIB Bank calculates the profit on the deposit on a monthly basis. It also has international presence through branches and representative offices located in Johannesburg, Ethiopia, Dubai, New York and Shanghai. using updated IT infrastructure. Threats are macro environment factors and developments that can derail business model of Ethiopian Ethiopia. You can download Excel Template of SWOT Analysis & Matrix of Ethiopia: An Emerging Market Opportunity? I go through you website it is so good and well But Im searching for my Class Topic which is (Womens in International Workforce) so I choose my case study to the bank in Pakistan name First Women Bank Limited So kindly sir will you help me I am waiting for your response. dont use case sensitive passwords or allow customers to put special characters now a days people want product and services according to their needs and specifications. - Managing Regulations and Business Environment Ethiopian Ethiopia operates in an environment where it faces numerous regulations and government diktats. There are many positives associated with the banking industry though, as this SWOT analysis of the banking industry will explain. Additionally, customers of NIB Bank can participate in commercial/industrial buildings, dams, roads, and alike. advisor. Form; 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. 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. A SWOT analysis is a tool used by organisations to identify its internal strengths and weaknesses, but also the external opportunities and threats. So as to satisfy unplanned cash shortages that happen throughout the year, the amount limited to be withdrawn is to be set. 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. So long as humans have been alive, theres Britvic plc. After experiencing a loss or natural calamity, the banking industry helps customers get back on their feet. However, from time to time, NIB Bank notifies the percentage of profit share to be paid to the depositors account and credits the account. Frequent droughts and floods seriously affect, * Ethiopia has one of the most underdeveloped power systems in Sub-Saharan Africa. The banks president, Ato Abe Sano, was very proud to report the banks increasing profit compared to last years report. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. 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. services, online banking, and building a relationship with the 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. These areas ripe for development should be external components reflective of the current business environment. These factors should also be external components reflective of the current business environment. Building strategies based on consumer oriented product development and marketing approach. Guarantee products include advance payment, performance, big and custom bonds, retention money guarantees, and alike. 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