Swot Analysis
SWOT Analysis of ICB Islamic Bank Limited
Strengths:
1. Multinational bank
ICB Banking Group has presence in 14 countries of Africa, Asia and Europe. Recently it has expanded its horizon to Lao PDR. and Malawi. 2. Brand value
ICB Islamic Bank is a member of ICB Financial group holding AG of Switzerland and was awarded so many times as the best financial organization across the globe. 3. Global culture & expertise’s
As it has diversed business entrepreneurship across the globe, there has global standard of practices and skill resources to exchange and share their experiences. 4. Islamic banking system
Now a days, Islamic shariah based banking is a popular banking system to the citizen and especially in Bangladesh where 90% of total population is religiously Muslim. 5. Highly Skilled management
Top management of ICB Islamic Bank are highly experienced where all of they have in depth knowledge on Corporate, Retail, SME and general banking system. 6. Open communication system
In ICB, there is an established communication system where top management share issues directly and mitigate confusions by mail, meeting or memos. 7. Good paid up capital
ICB has a paid up capital of BDT 6647 million. Many of local banks do not have this. 8. Strongly service focused
ICB believes in and executes a very strong service excellence policy and trained up it’s resources to comply the policy for every moments. 9. Real time online system
ICB has introduced a state of the art banking software that ensures the real time online banking to serve customers in a prompt way. 10. Fair and competitive business rate
ICB always maintaining a very competitive business rates on it’s deposit and investment products in the market i.e. maximum possible rates on Deposit products and lower rates on Investment products.
Weaknesses: 1. Dual controlling in top
As ICB has a banking head office in Malaysia and a MD in Bangladesh, In many cases, to adopt a policy or
Strengths:
1. Multinational bank
ICB Banking Group has presence in 14 countries of Africa, Asia and Europe. Recently it has expanded its horizon to Lao PDR. and Malawi. 2. Brand value
ICB Islamic Bank is a member of ICB Financial group holding AG of Switzerland and was awarded so many times as the best financial organization across the globe. 3. Global culture & expertise’s
As it has diversed business entrepreneurship across the globe, there has global standard of practices and skill resources to exchange and share their experiences. 4. Islamic banking system
Now a days, Islamic shariah based banking is a popular banking system to the citizen and especially in Bangladesh where 90% of total population is religiously Muslim. 5. Highly Skilled management
Top management of ICB Islamic Bank are highly experienced where all of they have in depth knowledge on Corporate, Retail, SME and general banking system. 6. Open communication system
In ICB, there is an established communication system where top management share issues directly and mitigate confusions by mail, meeting or memos. 7. Good paid up capital
ICB has a paid up capital of BDT 6647 million. Many of local banks do not have this. 8. Strongly service focused
ICB believes in and executes a very strong service excellence policy and trained up it’s resources to comply the policy for every moments. 9. Real time online system
ICB has introduced a state of the art banking software that ensures the real time online banking to serve customers in a prompt way. 10. Fair and competitive business rate
ICB always maintaining a very competitive business rates on it’s deposit and investment products in the market i.e. maximum possible rates on Deposit products and lower rates on Investment products.
Weaknesses: 1. Dual controlling in top
As ICB has a banking head office in Malaysia and a MD in Bangladesh, In many cases, to adopt a policy or