Standard Bank SWOT Analysis, USP & Competitors

Posted in Banking & Financial Services, Total Reads: 4482
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SWOT Analysis of Standard Bank with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Standard Bank

Parent Company

The Standard Bank of South Africa Limited

Category

Banking

Sector

Financial services

Tagline/ Slogan

150 years of moving you forward

USP

A leading South African bank offering varied financial services to citizens of 18 countries in African continent, with presence in more than 30 countries across the globe

STP

Segment

Institutions and individuals seeking financial assistance

Target Group

Small, medium, large, corporate clients and individuals of all sorts

Positioning

A full service financial group offering varied services in transactional banking, lending, investment, insurance, risk management, wealth management and advisory services

SWOT Analysis

Strengths

1. Strong presence in South Africa and 17 African countries with employee strength above 50000
2. One of the most recognized brands in South Africa
3. Dividend yield and Payout ratio (TTM) is greater than the industry and sector average
4. Africa’s largest bank in terms of assets, service offerings, client base

5.First bank in South Africa to develop innovative schemes for redefining financial inclusion

Weaknesses

1. Not much presence in Asia, Europe and North America
2. Not much dominant in Retail banking, faces tough competition from Absa Group and FNB in retail banking

Opportunities

1. Venturing into strategic alliance with the world’s top banks will help it in geographic expansion.
2. The bank can leverage its current strategic alliance with ICBC (Industrial and Commercial Bank of China) for expansion and growth in China
3. Immense opportunity to grow in Retail Banking area through acquisitions

Threats

1. Changes in regulatory policies across different African countries can affect the bank
2. Economic and political changes across African nations and throughout the world affecting the bank

Competition

Competitors

1. First Rand Bank
2.Absa Group
3. Nedbank Limited

4. Global banks like Citibank, JPMC



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