NIB to increase branches from 28 to 50 in three years


In line with its strategic plan, the National Investment Bank (NIB) will increase its branch network from the present 28 to 50 within the next three years.

The additional 22 branches is to get the bank’s products and services closer to its universal banking clientele.

Chief Executive, Ernest Mawuli Agbesi says NIB is favorably positioned in the competitive banking environment, leveraging on technology application and its track record to satisfy clients.

According to him, the bank is committed to supporting industrial development, inspite of its universal banking operations.

“We still have equities in about 20 companies; some listed [on the stock exchange] and some not listed,” he said. “NIB has not done badly at all when it comes to the industrial development of this country and we have positioned ourselves for the competition.”

Mr. Agbesi says the bank, as part of the expansion, will be turning attention to the Kumasi market, especially the Suame light industrial area.

“The main concern of our going to Suame is for the spare parts dealers; most of them import so they need foreign currency always to bring in the spare parts, so that will be our focus when we get to Suame,” he stated.

At an event to interact with clients in Kumasi, some concerns were raised with about high charges on cost of transactions at NIB. Management said the concern will be addressed.

Story by Kofi Adu Domfeh

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