National Investment Bank

National Investment Bank
Private
Parastatal
Industry Financial Services
Founded 1963
Headquarters Accra, Ghana
Key people
 Togbe Afede XIV'
Chairman
Mr. John Kweku Asamoah
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 licensed by the Bank of Ghana, the national banking regulator.[2]

Overview

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

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

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

Leadership

Togbe Afede XIV is Board Chairman; John Kweku Asamoah is Managing Director

Branch network

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

Governance

The Chairperson) Board of Directors is Togbe Afede XIV. The Managing Director and Chief Executive Officer of the bank is John Kweku Asamoah.[5][6]

See also

References

  1. ↑ December 2011 Aftertax Profit
  2. ↑ List of Licensed Commercial Banks In Ghana
  3. ↑ December 2011 Financial Data
  4. ↑ Branches of National Investment Bank
  5. ↑ Key People At National Investment Bank
  6. ↑ The Board of Directors At National Investment Bank
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