Swot and pest analysis: National Bank of Kenya (NBK) is a Kenyan company that provides banking and financial services in the country. The company was founded in 1968 and it has over 38 branches across the country. National Bank of Kenya is licensed by the Central Bank of Kenya. The subsidiaries of the company include Natbank Trustee and Investment Services Limited, Kenya National Capital Corporation Limited and NBK Insurance Agency Limited.
Summary of National Bank of Kenya Limited Company profile
- Company name: National Bank of Kenya
- Location: National Bank Building Harambee Avenue, Nairobi
- Business sector: Banking
- Revenue: Ksh 10.9 Billion. As per financial year ending December 2016
- CEO: Wilfred Musau
- Competitors: equity bank, cooperative bank, family bank, standard chartered, Barclays, KCB.
- National Bank of Kenya official website: http://nationalbank.co.ke/
- National Bank of Kenya official Facebook page: https://www.facebook.com/NationalBankofKenya
- National Bank of Kenya official twitter handle: https://twitter.com/National_Bank
- National Bank of Kenya official contacts: HEAD OFFICE: National Bank Building Harambee Avenue, Nairobi
P.O BOX 72866-00200 Nairobi - Telephone conatcts: 020-2828000, 020 282 8900, 0703 088 900, 0732 118 900
- ax: 020-311444/222304
- E-Mail: corporateaffairs@nationalbank.co.ke
- CALL CENTRE: E-mail: callcentre@nationalbank.co.ke
- Common company tags: Taifa account, Pinnacle savings account, vision account, students account,national bank online banking, mobile banking
SWOT analysis of National Bank of Kenya
The following is the SWOT analysis of National Bank of Kenya
Strengths
- Improved risk profile
- Skilled workforce
- Systemic importance in the Kenyan economy
- Low labor costs
- Strong distribution and sales networks
Weaknesses
- Conduct charges and litigation
- Dividend payment restrictions
- Size of the market in future
Opportunities
- New services
- New markets
- Investment in small businesses
- A growing economy
- Expanding demand
- Steady increase in income levels
- ·urbanisation
Threats
- Competition
- Decreasing profitability
- Increasing labor costs
- Financial capacity
- Cyber crime
- Economic slowdown
PESTLE analysis of National Bank of Kenya
The following is the PESTLE analysis of National Bank of Kenya
Political
- Political uncertainty in the country
- Terrorism
- Changing regulations
Economical
- Low interest rates environment
- Volatile Kenyan currency
Social
- Rise in the disposable market of its operational geography
Technological
- Investment in technology
Legal
- increased regulatory demands
Environmental
- Reduction of direct environmental footprint
- waste management
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