NIB makes innovative inroads into electronic banking

The National Investment Bank (NIB) is developing a $30 million dollar electronic banking (e-banking) software to provide a range of innovative services.

The “T 24” software, the latest in e-banking, will be operational by November and would facilitate the use of cash and credit cards apart from automatic, prompt notifications of false entries.


Mr.Ernest Mawuli Agbesi, Chief Executive Officer (CEO) of the Bank, said Automated Teller Machines (ATM) for cash deposits are also to be introduced and 10 machines have so far been acquired.


The CEO, who was speaking at a cocktail to appreciate its customers in Kumasi, said added to these, 26 more branches of the bank are to be opened across the country.

He said Kumasi, for its strategic location as the nerve centre for brisk business, has been identified as one of the business hubs of the bank, as such three of the banks will be opened at Suame, Kwame Nkrumah University of Science and Technology (KNUST) and Ahodwo.


Mr.Agbesi took the opportunity to announce one of its products- Excel Banking, a form of prestigious banking attracting a little fee for quick and preferential service with coffee and snacks.


The lauded the customers for showing loyalty to the bank in spite of the competition in the banking arena and urged them to keep it that up.