Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of Nordea Bank AB analyses the brand by its strengths, weaknesses, opportunities & threats. In Nordea Bank AB SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Nordea Bank AB to benchmark its business & performance as compared to the competitors. Nordea Bank AB is one of the leading brands in the banking & financial services sector.
The article below lists the Nordea Bank AB SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Nordea Bank AB SWOT Analysis:
For Nordea Bank AB, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.
Nordea Bank AB Strengths
The strengths of Nordea Bank AB looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Nordea Bank AB :
1. Largest customer base of any financial services group in the Nordic region 2. A diversified funding base and greater liquidity 3. Diversified revenue stream ensures timely cash flows 4. Largest distribution network in the Nordic and Baltic Sea region. 5. It has over 30,000 employees and nearly 1500 branches
Nordea Bank AB Weaknesses
The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Nordea Bank AB SWOT Analysis:
1. Lack of sufficient presence outside the Nordic region 2. Weakening segments such as wholesale banking 3. Weakening market positions in Sweden and Norway 4. High exposure to the bureaucracy in the Nordic and Baltic regions
Nordea Bank AB Opportunities
The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Nordea Bank AB SWOT Analysis:
1. Can introduce innovative products and come up with tailored solutions 2. Buoyant asset management industry 3. Significant market share in all markets
Nordea Bank AB Threats
The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Nordea Bank AB are as mentioned:
1. Weakening economic prospects 2. Increase in the regulatory costs 3. Increase in competition in securities services due to the new settlement standards
Nordea Bank AB Competitors
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Nordea Bank AB:
Leading position in corporate, retail and private banking
Nordea Bank AB STP
Segmentationation is based on the type of user i.e. household user and corporate user
Targets all the income segments in the household user segment
Pursue a multichannel distribution strategy to reduce the cost of serving
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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