Pest analysis of banking industry

Write about the application of strategic positioning models to banking industry in United Kingdom.

Pest analysis of banking industry

The same is true for ANZ Bank. The current political instability in Iraq and the ongoing war by the US and its allies, the defiant attitude of North Korea and the increasing terrorist activities all around have affected business overall.

Furthermore, political strife in the Pacific region for instance in Fiji, Solomon Islands and Tonga have an impact on all major economies of this region and in turn affect their growth rates and creditworthiness for banks as well as investment levels and business prospects within these areas.

The economic environment for ANZ has been fairly positive to date and the same trend is expected to continue in future as well.

The world economy has expanded by 5. This is the fastest expansion rate since which is expected to last throughout and The primary reason for this expansion is the strong economic growth in developing nations. Similarly, the Australian economy, where ANZ is headquartered, is also in a growth phase and has continued its 15th year of expansion which is an extremely impressive achievement.

This record breaking expansion will continue in the years to come. On the other hand, growth rates for New Zealand are not that high and it is expected that expansion levels will remain low for the next two years.

Nevertheless, the economic environment overall is extremely positive for ANZ and indicates several business opportunities for the bank in the next few years.

Pest analysis of banking industry

Eslake, Saul et al: That is why ANZ uses technology specialists to develop technological skills as well as deploy new and improved technologies as well as identify the opportunities and risks associated with emerging technologies.

This has helped ANZ complement its trust and security initiatives and to sustain its position as a global leader in the financial industry. The same rules apply to ANZ as it has to ensure compliance with all legal requirements pertaining to its business operations.

Moreover, the fact that ANZ has operations in a large number of countries, the bank is affected by laws and regulations in every jurisdiction it operates in. Thus, it has to establish standards and objectives which are in line with international legal guidelines.

For example in Australia the Bank has to operate under the requirements of the Banking Act and has to hold an Australian Financial Services License under the Corporations Act Similarly the bank has to participate in government advisory bodies in order to engage with regulators and government officials on a regular basis as well as outline corporate governance policies in accordance with government standards and guidelines.

Social and Environmental Analysis Environment and social factors present several risks to financial institutions especially in their lending activities.

The same is true for ANZ. That is why the bank has developed a Social and Environmental Issues Policy to monitor and identify potential social risks especially in its credit approval process. The bank uses client screening tools to assist in the credit approval process and identify high risk and low risk borrowers according to their social standing.

Moreover, the bank has implemented the Equator Principles which has helped it to develop social and environment policies that are applied for all its lending and investment decisions especially in developing countries. These steps help the bank minimize the negative impact of social factors as well as identify business opportunities in light of the social environment.

Political Troubles Cause for Economic Uncertainty. Available online at http:1. Introduction Background Barclays group PLC is a big global financial provider operating in Europe, America, Australia, Asia, Middle East and Africa, which is engaged in retail banking, credit cards, corporate banking, investment banking, and wealth caninariojana.com://caninariojana.com  · 84 CHAPTER II ENVIRONMENT ANALYSIS OF BANKING INDUSTRY Meaning of Environment Analysis Environment analysis means scanning information about caninariojana.com caninariojana.com SWOT Analysis of Indian Banking Industry The accelerating shift in economic power from the developed to emerging economies is dramatically changing the banking industry across the world.

The Indian banking scene has witnessed progressive deregulation, institution of prudential norm and an emulation of international supervisory best caninariojana.com  · You’re also going to have to use this section to demonstrate that the industry’s market size is worth going after, who you main competitors will be if you decide to pursue it, and how you’ll be able to carve out a niche for yourself and give them a run for their caninariojana.com://caninariojana.com How to find PEST Analysis Information for a company, organization, or industry (Ohio University) Chad Boeninger -- "The purpose of this guide is to list resources to use when performing a P.E.S.T.

caninariojana.com Banking industry in United Kingdom has been discussed in details with the help of PESTLE analysis and Porter’s Five analysis in this free assignment sample/5(14K).

How Do I Conduct a PEST Analysis for a Bank? (with pictures)