Question

What is the PEST analysis of Arab Bank Australia Limited?

( Please provide with the links for evidence.)

Answer 1

PESTAL analysis , the word PESTAL stand for Political , Economic, Social, Legal, Environmental and Technological analysis of any business firm or industry to get complete insight about the impact and future growth.

Here , for the Arab Bank Australia , which is wholly subsidiary of Arab Bank PLC, the first private bank in Arab world. The PESTAL analysis for bank could be as :

Political:

• Australia has a stable and peace loving government system
• The country has good relationship with Arabian countries
• The political condition is very much suitable for growth in banking company
• Supportive government policy will help the company in growth

Economical :

• The country GDP is growing at steady rate from last many years
• The banking population is growing as well.
• low fluctuation in exchange rate in currency of two countries
• growth chances are very high

Social :

• Australian are peace loving co-operative people
• literacy rate is very high
• Population is cosmopolitan in nature
• have equal opportunity of growth

Technology:

• high technology acceptance zone on global map
• the countries technology environment is supportive enough for banking growth

Legal:

• Supportive regulation for banking and financial companies
• well framed judiciary system

Environment:

• Banking business doesn't show much impact on environmental issues
• Green banking , go green , use less paper , e-banking , digital banking system will support the company growth .