National Investment Bank
 | |
| Company type | 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 |  :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[update], 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; Ernest Mawuli Agbesi is Managing Director
Branch network
As of March 2011[update], 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]
