The National Investment Bank (NIB) is to open 22 more branches across the country within the next three years as part of an expansion drive to bring banking services closer to the people.


This will bring to 50 the number of branches of NIB, a state-owned universal financial institution, which has been in existence for 51 years now.

Mr Ernest Mawuli Agbesi, Chief Executive Officer of NIB said this at a reception organised by the bank for its staff and customers in Tamale.

Mr Agbesi said the decision to open more branches was to reposition NIB to continue to play its pivotal role towards the industrialization of the country as well as stimulate the growth of small, medium scale enterprises (SMEs) across the country.

He said NIB had introduced new products including a SMEs package to assist operators across the country to improve as well as expand their business.

Mr Agbesi said NIB had also come out with a consumer banking facility which enabled customers and salaried workers to purchase especially household items with the bank pre-financing the deal under which the bill would be spread over a year for the customer to pay without interest.

He said NIB would continue to develop innovative products to address the needs of the public and urged them to do business with the bank.

Mr David Fiawotso, Tamale Branch Manager of NIB, thanked customers and residents of the region for their confidence in NIB and assured that the bank would continue to serve their interest.



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