First Rand Bank SWOT Analysis

Published in Banking & Financial Services category by MBA Skool Team, Last Updated: April 26, 2020

Here is a detailed SWOT analysis of First Rand Bank covering strengths, weaknesses, opportunities and threats.

First Rand Bank Strengths

  1. First Rand Banking group forms one of the largest banks in South Africa and whole of sub-Saharan Africa.
  2. The bank has operations in India as well as in Australia. It also has operations in 5 neighboring African countries
  3. The bank has very strong total assets
  4. The bank operations are supported by a strong staff of over 37000. It has over 800 branches or equivalent centers.
  5. The ordinary dividend per share has been increased substantially, which is a strong indication of sustained growth in the future.
  6. The bank has been engaged in a lot of socially responsible activities such as funding for food security, education, environment etc.
  7. The bank has seen a steady increase in its Return on Equity (ROE)

Above are the strengths in the SWOT Analysis of First Rand Bank. The strengths of First Rand Bank looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.

First Rand Bank Weaknesses

  1. The unstable political conditions in some of the African countries can affect the operations of the bank in an adverse manner.
  2. The credit rating agencies have rated First Rand bonds as BBB and outlook as negative (S&P ratings). The sovereign rating of South Africa as a whole is BBB.

These were the weaknesses in the First Rand Bank SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.

First Rand Bank Opportunities

  1. The bank can expand its international operations, especially in relatively more stable economies such as Australia and India.
  2. The bank can come up with innovative schemes which can unleash the potential in emerging economies.
  3. The bank can acquire other banks and expand its operations through M&A activities.

Above we covered the opportunities in First Rand Bank SWOT Analysis. The opportunities for any brand can include prospects of future growth.

First Rand Bank Threats

  1. The bank faces the risk of the other party not meeting their obligations, resulting in bad debt.
  2. The bank faces risk of being exposed to foreign exchange rate volatility since it has operations overseas.
  3. Regulatory changes in South Africa as well as countries such as India and Australia can affect the operations of the bank adversely.

The threats in the SWOT Analysis of First Rand Bank are as mentioned above. The threats for any business can be external factors which can negatively impact its business.

Hence this concludes the First Rand Bank SWOT analysis.

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About First Rand Bank

The table below gives the brand overview along with its target market, segmentation, positioning & USP

First Rand Bank Overview
Parent Company

First Rand Group

Category

Banking and Financial Services

Sector

Banking & Financial Services

Tagline/ Slogan

-

USP

The banking group is one of the largest banks in South Africa.

First Rand Bank STP
Segmentation

South African savers and home owners.

Target Market

South African nationals and corporate.

Positioning

The bank aims to be South Africa’s bank of choice.


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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