National Investment Bank

National Investment Bank, normally abbreviated to NIB, is a state owned commercial bank in Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.[4]

National Investment Bank Ghana Limited
Private company, Parastatal
IndustryFinancial Services
Founded1963; 57 years ago (1963)
Headquarters,
Number of locations
52 branches
Key people
Michael Ayesu
Ag. Board Chairman
Samuel Sarpong
Managing Director[1][2]
ProductsLoans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
RevenueIncrease:Aftertax:US$4 million (GHS:7.5 million) (2011)[3]
Total assetsUS$468.5+ million (GHS:878.9 million) (2011)
Websitewww.nib-ghana.com

NIB is a medium-sized financial services provider in Ghana. As of December 2011, the total valuation of the bank's assets was approximately US$468.5 million (GHS:878.9 million), with shareholders' equity of approximately US$47 million (GHS:88.1 million).[5]

HistoryEdit

The bank was established by the Government of Ghana in 1963, as a national development bank. Later, the bank was granted a commercial banking license by the Bank of Ghana, the national banking regulator.

Branch networkEdit

As of September 2017, the bank maintains a network of 52 branches [6]

See alsoEdit

ReferencesEdit

  1. ^ "Ghana: NIB Declares Profit Again". Public Agenda (Accra). 2012-05-15. Retrieved 2017-08-17.
  2. ^ The Board of Directors At National Investment Bank
  3. ^ December 2011 Aftertax Profit
  4. ^ List of Licensed Commercial Banks In Ghana
  5. ^ "Ghana: NIB Declares Profit Again". Public Agenda (Accra). 2012-05-15. Retrieved 2017-08-17.
  6. ^ Branches of National Investment Bank