NIB Disregards Speculations of GCB Takeover

The National Investment Bank (NIB) has denied media reports of it being taken over by the Ghana Commercial Bank.

According to a statement signed by the Board Secretary, Sheila Ofori-Diabene, NIB assured its customers that it is neither merging with or being taken over by GCB Bank, hence such reports should be disregarded.

The Board of NIB was inaugurated on Friday, 18 August 2017 and has not been in any alleged meeting with GCB Bank Limited over a possible takeover as it has been reported.

“We wish to assure all NIB customers that there’s no on-going discussion regarding a merger between GCB Bank and NIB or a takeover of NIB by GCB Bank. We appreciate your unwavering loyalty and the confidence you have reposed in NIB. We encourage current customers to keep doing business with NIB and prospective customers to join NIB, as we are determined to ensure excellent service delivery to you,” the statement said.

This comes in the wake of the takeover of UT Bank and Capital Bank by GCB Bank.

Source: Classfmonline