Swot Analysis

Swot Analysis

  • Submitted By: onochiewife
  • Date Submitted: 08/07/2013 3:19 AM
  • Category: Business
  • Words: 1482
  • Page: 6
  • Views: 175

SWOT Analysis of GTBank
1. Strengths
1.1 Corporate lending expertise and reputation
At the core of GTBank’s business is its corporate lending expertise, a function
of its people and professionalism. This was the point of departure for the
organization originally and the essence of its formidable reputation built over
the years. It prides itself on extraordinary service levels.
What really sets them apart is their speed of execution. This is especially
true when it comes to processing credit. I would say that once a decision
has been made, GTBank is probably one of the premium banks that will
come out with the credit facilities for you fastest.
David Nahata, Group Financial Director - Tolaram Group (diversified
industrial conglomerate), Lagos, 2006.
GTBank’s reputation is founded upon the quality and professionalism of its
staffers. The sentiments expressed by Adetola Owalabi of GTBank below
have been endorsed by numerous customers:
In terms of knowledge, we still have that edge over the market so you
work the market. When you understand the world market for automobiles
and the demand for steel, for instance, you understand how these prices
affect the steel industry in Nigeria. All these sort of things – we still have
that edge and other people cannot easily catch up with us.
Adetola Owalabi, Manager Commercial Banking – Automobile
Division, GTBank, 2006.
In 2006, GTBank was accredited with ISO 9001, the international standards
organisation quality mark for service providers. It was the first Nigerian bank
so accredited and it recently became the first Nigerian bank to list on the
London Stock Exchange when it raised $750 million through the issuance of a
Global Depositary Receipt.

1.2 Stronger Capitalisation
Prior to raising more money from the capital markets during 2005, GTBank
had limits in respect to how much of a large company’s business it could
accommodate. A banking regulation, termed the “One Obligor Concept”,
prevented...

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