National Investment Bank
Encyclopedia
National Investment Bank Ghana Limited, commonly referred to as National Investment Bank, normally abbreviated to NIB, is a commercial bank
in Ghana
. It is one of the twenty-seven (27) licensed commercial banks in Ghana.
. Later, the bank was granted a commercial banking license by the Bank of Ghana
, the national banking regulator.
of the National Investment Bank are 100% owned by the Government of Ghana.
is Emmanuel Ablo. The Managing Director and Chief Executive Officer
of the bank is P.A. Kuranchie.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
. It is one of the twenty-seven (27) licensed commercial banks in Ghana.
Overview
NIB is a medium-sized financial services provider in Ghana. , the total valuation of the bank's assets was approximately US$226.4 million (GHS:344.2 million), with shareholder's equity of approximately US$28.6 million (GHS:43.5 million).History
The bank was established by the Government of Ghana in 1963, as a national development bankDevelopment bank
The phrase development bank may refer to:* Community development banks fund low-income areas in the United States* Multilateral Development Bank provide financing for international development...
. Later, the bank was granted a commercial banking license by the Bank of Ghana
Bank of Ghana
The Bank of Ghana is the central bank of Ghana. It is located in Accra and was formed in 1957. Its name is abbreviated to BOG.-Brief Historical Background:...
, the national banking regulator.
Ownership
The shares of stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of the National Investment Bank are 100% owned by the Government of Ghana.
Branch network
, the bank maintains a network of interlinked branches at the following locations:- Main Branch - 37 Kwame Nkrumah Avenue, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Kumasi Central Branch - Kejetia, Central KumasiKumasiKumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...
- Kumasi Main Branch - Adum, KumasiKumasiKumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...
- Obuasi Branch - Adansi, ObuasiObuasiObuasi is a city in southern Ghana, lying south of Kumasi. It has a population of 115,564 On the railway line from Kumasi to Sekondi, it is known for its gold mine, now one of the ten largest in the world, gold having been mined on the site since at least the seventeenth century. Tourists can...
- Kintampo Branch - KintampoKintampoThe Kintampo archeological site in Ghana dates back to 2500-1400 BCE and is one of the earliest known sites for the cultivation of the cowpea. Evidence of polished stone axes, stone beads, buildings of stone, domestic pots, ceramic sculptures of humans and animals indicate that Kintampo was...
- Ntotoroso Branch - Ntotoroso
- Sunyani Branch - SunyaniSunyaniSunyani is a city in the West African republic of Ghana, and is the capital of the both the Sunyani District and Brong-Ahafo Region.According to the 2005 population estimates 80,245 people reside in the city of Sunyani, with a growth rate, in the city, of 3.4% per annum.-History of...
- Techiman Branch - TechimanTechimanTechiman is the leading market town in Ghana and is, together with Sunyani, one of the two chief cities of the Brong-Ahafo Region. This city of nearly 80,000 is located at a historical crossroads of trade routes and the Tano River, and serves as capital of the Techiman Municipal...
- Wenchi Branch - WenchiWenchiWenchi is a town in Ghana located at 7.73333 [latitude in decimal degrees], -2.1 [longitude in decimal degrees] at an elevation/altitude of meters. The average elevation of Wenchi, Ghana is 304 meters. The town is approximately 30 km north of Techiman on the Wa road and about 50 km east...
- Cape Coast Branch - Cape CoastCape CoastCape Coast, or Cabo Corso, is the capital of the Central Region of Ghana and is also the capital city of the Fante people, or Mfantsefo. It is situated 165 km west of Accra on the Gulf of Guinea. It has a population of 82,291 . From the 16th century the city has changed hands between the...
- Dunkwa On Offin Branch - Dunkwa On Offin
- Winneba Road Branch - Winneba Road, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Koforidua Branch - KoforiduaKoforiduaKoforidua, also popularly known as Kof-town, is a city in the West African republic of Ghana, about an hour by road from Accra. It is the capital of the Eastern Region of Ghana and has a population of 87,315 ....
- Oda Branch - OdaODA*ODA or Oda may refer to:*Oda , a typical Albanian room*Oda , is a room within harem especially in the Ottoman Empire- Computing :* Open Data Center Alliance - Data Center and Cloud Infrastructure Standards...
- Abeka Branch - Abeka, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Accra Main Branch - Accra CentralAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
Main Branch - International Banking Branch - AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Industrial Area Branch - North Industrial Area, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Osu Branch - OsuOSUOSU can stand for:* Institutions of higher education:** Ohio State University** Oregon State University** Oklahoma State University** Oswego State University * The Order of St...
, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous... - Spintex Road Branch - SakumonoSakumonoSakumono was originally a small fishing village on a lagoon, but by 2008 is being swallowed up as the twin cities of Accra and Tema merge. Elevation is 71m.- External links :* *...
, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous... - Adenta Branch - Adenta, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Harbour Area Branch - Harbour Area, TemaTemaTema is a city on the Atlantic coast of Ghana, lying east of the Ghanaian capital city, Accra, in the region of Greater Accra. As of 2005, Tema had a population of 209,000. The Greenwich Meridian passes directly through the city...
- Community Nine Branch - Community Nine, TemaTemaTema is a city on the Atlantic coast of Ghana, lying east of the Ghanaian capital city, Accra, in the region of Greater Accra. As of 2005, Tema had a population of 209,000. The Greenwich Meridian passes directly through the city...
- Tema Main Branch - TemaTemaTema is a city on the Atlantic coast of Ghana, lying east of the Ghanaian capital city, Accra, in the region of Greater Accra. As of 2005, Tema had a population of 209,000. The Greenwich Meridian passes directly through the city...
- Tamale Branch - TamaleTamaleA tamale — or more correctly tamal — is a traditional Latin American dish made of masa , which is steamed or boiled in a leaf wrapper. The wrapping is discarded before eating...
- Bolgatanga Branch - Main Commercial Street, BolgatangaBolgatangaBolgatanga, colloquially known as Bolga, is the capital of both the Bolgatanga Municipal District and the Upper East Region of Ghana, and has a population of about 72,000...
- Wa Branch - WaWa, GhanaWa is the capital of the Upper West Region of Ghana and is the main city of the Wala people. The majority of the inhabitants are Muslim. It is the seat of the Wa-Na, the Paramount Chief of the Wala traditional area. Features of the town include several mosques, the Wa-Na Palace, a museum and a...
- Ho Branch - HoHoHo, HO, or variations, may refer to:* Ho, Denmark, a town* Ho, Ghana, a town* Ho , Japanese kana* Ho language, spoken primarily in India* Ho people, primarily in the Indian state of Jharkhand...
- Takoradi Branch - Takoradi
Governance
The Chairman of the thirteen-member (13) Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
is Emmanuel Ablo. The Managing Director and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of the bank is P.A. Kuranchie.