NIB Turns 55 Years

The Investment Bank (NIB) has launched its 55th Anniversary celebration at a colourful ceremony in Accra on Monday.

The launch saw the unveiling of the logo for the celebration by the Vice President, Dr. Mahamudu Bawumia and assisted by Ken Ofori-Atta, Finance Minister, Togbe Afede XIV, Board Chairman of the Bank and Dr John Kweku Asamoah, Managing Director of the Bank.

The anniversary which was on the theme: “55 Years of Growing Ghanaian Businesses,” would involve activities such as public lectures, health walk and fun games, awards night and dinner dance and thanksgiving service.

The Vice President commended NIB for playing a prominent role in the country’s development efforts by supporting many businesses and institutions to stand on their feet.

He shared in the joy of the Bank for its recent success chalked at the Supreme Court and commended the Board and Management for their steadfastness throughout the duration of the trial.

“Fifty-five years in banking had been quite challenging but the NIB had been able to stand the test of time. Our hope and prayer is that the banking environment, which you find yourselves in, would in the next 55 years be very different from the environment we have been pursuing in the past 55 years,” he said.

 The NIB was established on March 22, 1963 by Ghana’s First President Osagyefo Dr Kwame Nkrumah as a development bank to offer financial support to businesses.

The Bank currently has 52 branches and agencies across the country and expected to open three new branches by the end of this month.

Dr John Kweku Asamoah, Managing Director of the Bank, in his welcoming address, said “Four years ago, NIB was almost a lost brand in the industry. In 2015, the Bank set one main objective, which was to turn around the fortunes of the Bank and make it more profitable.

“We set out to restore hope among our shareholders, regulators, customers, service providers as well as employees. In that regard, the Bank instituted a three-year strategic plan from 2015-2017 to fast-track growth and to stay competitive and meet customers’ expectations”, he said.

The MD said the Plan had chalked tremendous successes, which was evident by a stronger brand in the banking industry.

“The future of the Bank is very bright and exciting, and we will continue to develop products to meet customers’ expectations with the view of maximising value for our shareholders,” Dr Asamoah said.

See photos below:

Source: thePublisher