There is no note counting machine available in that branch which is very necessary for the purpose of counting of notes.
9. No A TM Card
There is no A TM card facility available which is very necessary for a progressing bank branch.
10. Introduction of New Technology
Introduction of new technology and electronic banking is not used in the branch if used up to a very low level.
11. Difficulty to Draws Amounts
The process of encashment of the cheques is very slow, it has pass through various persons and processes and a lot of time is wasted
Weakness is something an organization lacks at doing that. For NBP these are:
1. Customers having accounts with small amounts are not given the same attention given to those with large amounts.
2. Higher number of branches affecting maintenance in consistency a!nd same working atmosphere.
3. Political, legal and sauce cultural pressure
4. Lengthy advancement procedures.
5. Promotion is purely based on seniority; so young processionals having high qualification are having any chance of promotion.
6. The software developed for daily recording of the operations is underutilized
Most of the personnel are not qualified; they are mainly rankers so they
don't know the logic of operation.
10.3 OPPORTUNITIES:
1. Network in foreign countries:
NBP starts opening branches in foreign countries and it has opportunities to develop them very strongly, like it open a branch in Kabul, which proves to be very beneficial.
2. Gain economies of scale:
Being the bank with largest branch network and capital structure in Pakistan .NBP can avail economies/of scale by increasing monopolistic hold.
3. Conduct large workshops for training and development:
Due to its strong financial position the bank can conduct workshops for the development of its staff effectively and can bear all the costs easily.
4. Support of SBP:
The SBP is providing complete Support to the NBP by its different policies and other supporting activities.
5. Better competitive position :
Having monopolistic hold on the economy the NBP gain competitive edge over other banks, the bank maintain better financial as well as physical and other non physical advantages.
6. Market Recognition
For the second consecutive year, NBP was recognized as the best bank in Pakistan by the prestigious periodical, " The Banker" UK (a subsidiary of Financial Times Group).
An external situation, which an organization can benefit from, is called opportunity for that organization. NBP can grab the following opportunities:
1. Growing policies of the Government on business and commerce sector
provides NBP an opportunity to efficiently meet the business people's requirements of instant cash financing facilities.
2. Customer's feedback on different products and services has really improved the bank's performance and encouraged the atmosphere for other future policies.
3. NBP has an opportunity to expand its new technological advancement like Tele bank.. and Internet banking facilities in order to serve the customers more, efficiently. Especially E Banking is a new opportunity which is a flourishing business in foreign countries and can also be here, if NBP takes the initiatives.
4. Due to efficient and experienced management group, NBP can improve and expand its foreign operations successfully.
5. Increasing need and potential of leasing in Pakistan provides NBP an opportunity to utilize its skills and efficiencies in leasing business as welt
10.4 THREATS:
1.Globalization.:
In the era of globalization the bank is now going to face tuff competition with multinational banks, which are interested in opening their branches in Pakistan.
2.lncreasina competition:
The increasing competition in local as well as national and multinational level also lower down the profitability of the bank and compelling the bank to use a large amount of funds to meet out competition.
3. Privatization:
Privatization policy of the Govt. also create tuff times for the bank because of this reason the bank is going away and away from the Govt. support during hard times.
4.Political instability in the country:
The changing governments and their changing policies also proves a poison for the banking industry specially for nationalized banks. The political loans and their remission also badly effect the nationalized banks specially NBP.
An external situation posed to harm organization's interests is regarded as threat to that organization. NBP worries about the following;
1. A tremendous number of foreign banks are opening their branches in the country.
2. Also the increasing operations of private banks pose threat to NBP.
3. Highly specialized and attractive services offered by foreign banks to/their customers.
4. Lack of consistency in Government's polices regarding business and economic sector.
5. Growing global technological advancement.
6. Strict regulations of the Government over credit facilities to the customers as well as to meet the prudential regulations.
7. Loss of confidence of overseas customers due to freezing of accounts.
The SWOT analysis is a mirror to the bank of its present condition. From this analysis, we can conclude that the bank has done some professional changes in its banking system. But still there are chances for improvement. The management can develop elaborate strategic plans for capitalizing the available opportunities. One area where the bank has done some work is the improvement in customer services. But to get the desired results, the bank should develop long-term objectives and prepare appropriate courses in order to achieve them.
The bank should maintain principle of professional management and adhere to the sound and sophisticated banking rules and regulations to build confidence of the people in the institution.
9. No A TM Card
There is no A TM card facility available which is very necessary for a progressing bank branch.
10. Introduction of New Technology
Introduction of new technology and electronic banking is not used in the branch if used up to a very low level.
11. Difficulty to Draws Amounts
The process of encashment of the cheques is very slow, it has pass through various persons and processes and a lot of time is wasted
Weakness is something an organization lacks at doing that. For NBP these are:
1. Customers having accounts with small amounts are not given the same attention given to those with large amounts.
2. Higher number of branches affecting maintenance in consistency a!nd same working atmosphere.
3. Political, legal and sauce cultural pressure
4. Lengthy advancement procedures.
5. Promotion is purely based on seniority; so young processionals having high qualification are having any chance of promotion.
6. The software developed for daily recording of the operations is underutilized
Most of the personnel are not qualified; they are mainly rankers so they
don't know the logic of operation.
10.3 OPPORTUNITIES:
1. Network in foreign countries:
NBP starts opening branches in foreign countries and it has opportunities to develop them very strongly, like it open a branch in Kabul, which proves to be very beneficial.
2. Gain economies of scale:
Being the bank with largest branch network and capital structure in Pakistan .NBP can avail economies/of scale by increasing monopolistic hold.
3. Conduct large workshops for training and development:
Due to its strong financial position the bank can conduct workshops for the development of its staff effectively and can bear all the costs easily.
4. Support of SBP:
The SBP is providing complete Support to the NBP by its different policies and other supporting activities.
5. Better competitive position :
Having monopolistic hold on the economy the NBP gain competitive edge over other banks, the bank maintain better financial as well as physical and other non physical advantages.
6. Market Recognition
For the second consecutive year, NBP was recognized as the best bank in Pakistan by the prestigious periodical, " The Banker" UK (a subsidiary of Financial Times Group).
An external situation, which an organization can benefit from, is called opportunity for that organization. NBP can grab the following opportunities:
1. Growing policies of the Government on business and commerce sector
provides NBP an opportunity to efficiently meet the business people's requirements of instant cash financing facilities.
2. Customer's feedback on different products and services has really improved the bank's performance and encouraged the atmosphere for other future policies.
3. NBP has an opportunity to expand its new technological advancement like Tele bank.. and Internet banking facilities in order to serve the customers more, efficiently. Especially E Banking is a new opportunity which is a flourishing business in foreign countries and can also be here, if NBP takes the initiatives.
4. Due to efficient and experienced management group, NBP can improve and expand its foreign operations successfully.
5. Increasing need and potential of leasing in Pakistan provides NBP an opportunity to utilize its skills and efficiencies in leasing business as welt
10.4 THREATS:
1.Globalization.:
In the era of globalization the bank is now going to face tuff competition with multinational banks, which are interested in opening their branches in Pakistan.
2.lncreasina competition:
The increasing competition in local as well as national and multinational level also lower down the profitability of the bank and compelling the bank to use a large amount of funds to meet out competition.
3. Privatization:
Privatization policy of the Govt. also create tuff times for the bank because of this reason the bank is going away and away from the Govt. support during hard times.
4.Political instability in the country:
The changing governments and their changing policies also proves a poison for the banking industry specially for nationalized banks. The political loans and their remission also badly effect the nationalized banks specially NBP.
An external situation posed to harm organization's interests is regarded as threat to that organization. NBP worries about the following;
1. A tremendous number of foreign banks are opening their branches in the country.
2. Also the increasing operations of private banks pose threat to NBP.
3. Highly specialized and attractive services offered by foreign banks to/their customers.
4. Lack of consistency in Government's polices regarding business and economic sector.
5. Growing global technological advancement.
6. Strict regulations of the Government over credit facilities to the customers as well as to meet the prudential regulations.
7. Loss of confidence of overseas customers due to freezing of accounts.
The SWOT analysis is a mirror to the bank of its present condition. From this analysis, we can conclude that the bank has done some professional changes in its banking system. But still there are chances for improvement. The management can develop elaborate strategic plans for capitalizing the available opportunities. One area where the bank has done some work is the improvement in customer services. But to get the desired results, the bank should develop long-term objectives and prepare appropriate courses in order to achieve them.
The bank should maintain principle of professional management and adhere to the sound and sophisticated banking rules and regulations to build confidence of the people in the institution.
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