Hokkoku Bank SWOT Analysis, USP & Competitors

Posted in Banking & Financial Services, Total Reads: 434
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SWOT Analysis of Hokkoku Bank with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Hokkoku Bank

Parent Company

Hokkoku Bank

Category

Regional Banks

Sector

Banking and Financial Services

Tagline/ Slogan

-

USP

One of the most financially sound of Japan's regional banks

STP

Segment

Loans, insurance and leasing segments

Target Group

Individuals and business enterprises

Positioning

Helping clients track the international financial trends and support their overseas activities

SWOT Analysis

Strengths

1. The bank operates through a network of 110+ branches, loan centers and two overseas representative offices and it employs around 2000 people

2. The bank has initiated a plan to improve its branding. This plan aims to establish the “Hokkoku brand” as a familiar and beloved name for the people in the region

3. It plays a major emphasis on quality, cost and speed with which it was able to garner a strong customer base

4. The bank also gives foreign exchanges services to customers

Weaknesses

1. The bank is not focused on the personal banking segment which is increasing at a growing pace and is missing on the opportunities provided

2. Cash and cash equivalents have decreased when compared to the previous year and this would affect the bank’s ability to cover its short term liabilities

3. The operating expenses have increased when compared to the precious years which reduces the profit after tax

Opportunities

1. The bank can expand in the personal banking and asset management sector both of which are bound to increase in the coming years

2. It can diversify its portfolios so that the systematic risk can be eliminated

3. As there is a loss of impairment in the fixed assets, it would be advisable to lease them instead of purchasing them so that they can save on the other expenses

Threats

1. Interest income on loans has decreased as the customers are skeptical about taking loans owing to a bleak economic scenario

2. As the bank is primarily concentrated in Japan, it increases the geographic risk posed to the bank

3. There is existing rivalry in this sector and in order to tackle this, the banks would reduce the commission and the fees which would adversely affect the performance of the bank

Competition

Competitors

1. Sumitomo Mitsui Financial Group, Inc.

2. The Musashino Bank, Ltd.

3. The Fukui Bank, Ltd

 


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