Absa Group SWOT Analysis
Absa Group is one of the leading brands in the banking & financial services sector. Absa Group SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of Absa Group:
Quick Glance:
Absa Group Strengths
- Have received many awards like being rated as no. 1 banking brand in SA and as the coolest banking brand in SA for consecutive years
- The bank recorded an increase in profit showing its strong financial position
- The appointment of Maria Ramos as the Group Chief Executive.She is South Africa’s most successful and highly regarded businesswomen
- The Group’s key focus within Corporate Social Investment (CSI) to improve lives of unprivileged South Africans.
- Offers banking services to all kinds of customers in South Africa
Above are the strengths in the SWOT Analysis of Absa Group. The strengths of Absa Group looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Absa Group Weaknesses
- It is regarded as the most expensive bank in South Africa by the people there
- With the increase in Barclays’ stake in Absa Group, the individuality of the bank is decreasing.
- Headline earning was decreased for personal loans and retail bank which was a concern
These were the weaknesses in the Absa Group SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Absa Group Opportunities
- The merger of Absa Bank with Barclays African Operations last year
- Their shared goal of becoming the “go-to” bank in Africa
- Expand to European and Asian markets
Above we covered the opportunities in Absa Group SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Absa Group Threats
- Increasing competitor activity can cause brand to lose market share
- The different working conditions and environment of Barclay Group and Absa Group needs to be taken care of
- Different regulations for international banks can cause operational inefficiency
The threats in the SWOT Analysis of Absa Group are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the Absa Group SWOT analysis.
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About Absa Group
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| Absa Group Overview | |
|---|---|
| Parent Company |
Barclays Africa Group |
| Category |
Bank |
| Sector | |
| Tagline/ Slogan |
Today, tomorrow, together |
| USP |
A one-stop bank with dedicated services in South Africa especially |
| Absa Group STP | |
| Segmentation |
Retail, business, corporate and investment banking and wealth management products and services |
| Target Market |
Range of services primarily in South Africa and Nambia |
| Positioning |
One Stop Bank in Africa |
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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