NIB Reverts To Core Mandate As A Development Bank

The Deputy Managing Director of NIB, George Alfred Thompson has revealed the Bank plans to revert to its core mandate as a Development Bank.

This he said will enhance fast industrialization in the country, adding that the Bank would however continue to offer retail banking services to its customers.

Mr. Thompson made this known at the Bank’s Breakfast meeting with customers recently in Accra.

The meeting was to interact with Customers of the Bank to address the challenges they face in financing their businesses.

The meeting also created an avenue for Customers to come out with issues they have regarding NIB operations.

Mr. Thompson said NIB is well poised to assist SMEs and Corporate Customers ‘‘stand on their feet’’, affirming that NIB has the experience and track record of grooming and growing start-up businesses.

He dispelled news making the rounds that NIB is being taken over, emphasizing that NIB will meet its capital requirement without having to be acquired or merged with any other Bank.

The Managing Partner of Trust Consult, Mr. Charles Mensah in a presentation on “Funding for Business Expansion” shared thoughts on appropriate sources of funding for meeting varied needs of businesses.

He cautioned business owners and managers on ways to fund various aspects of their businesses without stressing their cash flow and compromising the survival of their businesses.

Source: thePublisher