Nedbank Limited SWOT Analysis, USP & Competitors

Posted in Banking & Financial Services, Total Reads: 2235
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SWOT Analysis of Nedbank Limited with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Nedbank Limited

Parent Company

Nedbank Group

Category

Banking and Financial Services

Sector

Banking

Tagline/ Slogan

USP

The bank has a customer centric approach to banking which has helped in its growth.

STP

Segment

South African savers and corporate

Target Group

South African individuals and businesses in need of banking services.

Positioning

Positioned as a bank for all, providing wide variety of services including wholesale, retail banking and asset management services.

SWOT Analysis

Strengths

1. The bank has a market capitalization of about 9 billion USD.
2. The bank is one of the largest banks of South Africa, although it is one of the newest banks to be incorporated.
3. The bank provides a variety of services including individual banking, insurance related products, wealth management services, financial planning, business financing etc.

4. The bank provides banking services to large corporate, public sector enterprises etc.

5. The bank has operational footprint over a wide geographical region including many countries in sub Saharan Africa, Canada, UK etc.

6. The bank has seen a steady growth and expansionary activity, with the opening of many new branches in various parts of Africa within last 2 years. The bank now has over 800 branches.

7. The bank has a wide client base of over 6 million clients.

Weaknesses

1. The bank’s activities can be affected by the unstable economic conditions in some of the African countries.
2. The bank can be affected by the movement of foreign exchange rates.

3. The bank’s financial strength was rated as C- by Moody’s rating agency.

Opportunities

1. The bank can look to expand its activities in South Africa as well as other countries, especially more economically developed countries such as UK.
2. The bank can come up with better financial products which are in tune with the needs of emerging economies.
3. The bank can expand its activities in south African countries which are expected to have high growth rates.

4. The bank can build leadership talent for the future by undertaking training programs for its managerial staff.

Threats

1. Regulatory changes in the countries where the bank has operations can affect the bank adversely.
2. The bank can be affected by bad debts due to failure of the counter party in honouring their obligations towards the bank.
3. The market interest rates can move against the bank, there by creating a mismatch between banks assets and liabilities.

Competition

Competitors

1. African Bank Limited
2. First Rand Bank
3. Investec Bank Limited



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