NIB To Rebound – MD Assures

Samuel Sarpong, NIB MD

Managing
Director (MD) of the National Investment Bank (NIB) Mr. Samuel Sarpong is
confident the bank will soon experience a rebound in its operations and take an
enviable place in the banking industry.

Mr. Sarpong
said this at durbars held recently across the bank aimed at boosting staff
morale towards the attainment of the bank’s transformational agenda.

The MD noted
that it was crucial for both management and staff of the bank to be well
informed about the current position of the bank to help them appreciate the
task ahead. The highly experienced banker who spearheaded the re-positioning of
GCB Bank is poised to replicate that feat at NIB following his recent
appointment.

According to
him, NIB possesses the needed structures and competencies for growth. He, however,
added that “for the bank to attain its vision, all aspects of the business will
have to be realigned. These include the restoration of tenets of good corporate
governance and improved financial performance backed by a strong financial
reporting integrity, as well as products and services enhancement and digital banking
offerings.”

On his vision
for the bank, Mr. Sarpong said, “I see a well managed, modern and highly
profitable Ghanaian-owned bank offering solutions that help businesses grow,
and supporting Ghana’s industrialization agenda. Only a profitable NIB would
give us the clout to employ a lot more staff, and the ability to facilitate
growth and sustenance of other businesses. A highly profitable NIB would also
put us in a position to embark on highly effective corporate social responsibility
initiatives like building schools, boreholes, etc.”

He added that “a good and strong leadership, coupled with strict adherence to corporate governance practices, and a strong desire to meet all Bank of Ghana as well as international regulations and deploying state-of-the-art banking solutions, are some of the key measures that will be taken to bring about the desired reinvigoration at NIB.”

A business desk report

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