Pestle - About Bank PDF

Preview

Summary

About Bank...

Description

3.4.1. PESTLE Analysis: PESTLE

PESTLE analysis of IBBL

Political

Political upheavals that impact economy and consumption demand for which IBBL need to change the management panel. However at present, political situation is in stable condition which is good for IBBL as well as for business development.

Economic

IBBL having almost one fourth share of the country’s banking is also growing at a steady pace with participants having varying performances as an Islamic Banking in the domestic front. IBBL has been persistently attempting to accelerate this cycle and partner together with government in its interest to fast financial development by concerning people’s basic needs. Other factors are cultural Barriers, Socio-Economic Welfare, Care for the Marginalized & Downtrodden Mobile Banking: “mCash”, Mobile APP: “IBBL iSmart”, Online Banking: “iBanking”, E-Commerce: “iPaySafe”

Social

Technological

Legal

Bangladesh Bank Inspection Team conducted various type of inspections/visits. Findings of the Inspection were discussed in the Board

PESTLE analysis of Bank Alfalah Bank Alfalah is facing less issues in terms of political stability as political environment is moderate in Bangladesh. But it has to follow some regulations by the government. At first they needed necessary approval to launch their bank from State Bank of Pakistan, as this bank originated from Pakistan and has operating successfully there. Bank Alfalah is giving specific focus on income of consumers, inflation rate, and employment

Bank Alfalah contributed 0.13 and 0.1 Cr taka for education in 2018 and 2019. In health sector it contributed 0.09 and 0.21 Cr taka in 2018 and 2019. As coronavirus has affected our society bank will have to contributed more. The bank contributed 0.08 Cr taka for disaster management in 2018 The bank continuing to invest in its technology to ensure that it has more stable, competitive, and value-added experience that meets its customers' needs. The banking industry is governed by the Bank Companies Act of 1991, as amended in 2013, as well as BB circulars and guidelines,

Meeting. The Board unanimously expressed their determination to strictly follow the rules & regulations provided by all regulatory.

Environment

Green Banking is a financial sector in IBBL which give special focus on Environment, Ecology targeting conservation of nature and natural resources. IBBL promoting the green initiative in minimizing the carbon emission.

Listing Regulations, and the country's securities laws. Aside from this, banks must follow the Companies Act of 1994, the Income Tax Ordinance and Rules of 1984, and the Value Added Tax Act and Rules of 1991. Bank Alfalah recognizes its role in environmental protection and natural resource conservation. It is aware of the environmental implications of its activities and strive to build a longterm company that benefits all of its stakeholders. Bank Alfalah in Bangladesh has taken the following steps in accordance with the Central Bank's suggested structure for green banking initiatives. One of its ATM booths is now entirely powered by solar power. Many of the Bank's ATM booths will be converted to green ATMs. Green banking services are now available at its new ATM in Motijheel. Bank Alfalah encourage customers to use phone banking to configure their Personal Identification Number (PIN)....