National Investment Bank

National Investment Bank Ghana Limited
Private company, Parastatal
Industry Financial Services
Founded 1963 (1963)
Headquarters Accra, Ghana
Number of locations
 52 branches
Key people
 Togbe Afede XIV
Chairman
John Kweku Asamoah
Managing Director[1][2]
Products Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
Revenue Increase:Aftertax:US$4 million (GHS:7.5 million) (2011)[3]
Total assets US$468.5+ million (GHS:878.9 million) (2011)
Website www.nib-ghana.com

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]

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]

History

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 network

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

See also

References

  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
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.