National Investment Bank

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National Investment Bank
Type Private
Parastatal
Industry Financial Services
Founded 1963
Headquarters Accra, Ghana
Key people Elizabeth Solomon
Acting Chairperson
P.A. Kuranchie
Managing Director
Products Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
Revenue Increase:Aftertax:US$4 million (GHS:7.5 million) (2011)[1]
Total assets US$468.5+ million (GHS:878.9 million) (2011)
Website Homepage

National Investment Bank Ghana Limited, commonly referred to as National Investment Bank, normally abbreviated to NIB, is a parastatal private bank in Ghana. It is one of the commercial banks licenced by the Bank of Ghana, the national banking regulator.[2]

Overview[edit]

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).[3]

History[edit]

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.

Ownership[edit]

The shares of stock of the National Investment Bank are 100% owned by the Government of Ghana.

Branch network[edit]

As of March 2011, the bank maintains a network of interlinked branches at the following locations: [4]

  1. Main Branch - 37 Kwame Nkrumah Avenue, Accra
  2. Kumasi Central Branch - Kejetia, Central Kumasi
  3. Kumasi Main Branch - Adum, Kumasi
  4. Obuasi Branch - Adansi, Obuasi
  5. Kintampo Branch - Kintampo
  6. Ntotoroso Branch - Ntotoroso
  7. Sunyani Branch - Sunyani
  8. Techiman Branch - Techiman
  9. Wenchi Branch - Wenchi
  10. Cape Coast Branch - Cape Coast
  11. Dunkwa On Offin Branch - Dunkwa On Offin
  12. Winneba Road Branch - Winneba Road, Accra
  13. Koforidua Branch - Koforidua
  14. Oda Branch - Oda
  15. Abeka Branch - Abeka, Accra
  16. Accra Main Branch - Accra Central Main Branch
  17. International Banking Branch - Accra
  18. Industrial Area Branch - North Industrial Area, Accra
  19. Osu Branch - Osu, Accra
  20. Spintex Road Branch - Sakumono, Accra
  21. Adenta Branch - Adenta, Accra
  22. Harbour Area Branch - Harbour Area, Tema
  23. Community Nine Branch - Community Nine, Tema
  24. Tema Main Branch - Tema
  25. Tamale Branch - Tamale
  26. Bolgatanga Branch - Main Commercial Street, Bolgatanga[5]
  27. Wa Branch - Wa
  28. Ho Branch - Ho
  29. Takoradi Branch - Takoradi

Governance[edit]

The Acting Chairperson of the thirteen-member (13) Board of Directors is Elizabeth Solomon. The Managing Director and Chief Executive Officer of the bank is P.A. Kuranchie.[6][7]

External links[edit]

See also[edit]

References[edit]