National Investment Bank

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National Investment Bank
Private
Parastatal
Industry Financial Services
Founded 1963
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)
Slogan your business is our business
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.

Leadership[edit]

Togbe Afede XIV is Board Chairman; Ernest Mawuli Agbesi is Managing Director

Branch network[edit]

As of March 2011, the bank maintains a network of 29 branches [4]

Governance[edit]

The Acting Chairperson of the thirteen-member ) Board of Directors is Elizabeth Solomon. The Managing Director and Chief Executive Officer of the bank is P.A. Kuranchie.[5][6]

External links[edit]

See also[edit]

References[edit]