NIB ready to attract more deposits

The National Investment Bank (NIB) has set itself the target to aggressively grow its deposits from the GH¢ 700m as of June 30, to GH¢ 1.2billion by December.

The move is to turn the fortunes of the bank around, said Managing Director, Mr. Ernest Mawuli Agbesi, at the Mid-Year Performance Review of the Bank.

According to him, the financial services industry in Ghana is highly competitive with 28 universal banks, a number of Savings and Loans companies and an uncountable number of microfinance institutions, all competing to win and retain customers.

In spite of all these, he said, the NIB would aggressively grow its deposits and meet its target.

He said the bank has upgraded its IT infrastructure in its quest to continue to meet the ever changing demands of its customers, and to provide stable and secured operating environment capable of supporting modern industry standards for technology and service delivery.

The Chairman of the Board of Directors of the Bank, Togbe Afede XIV, pledged the Board’s support to the management team on all their initiatives and urged all and sundry to exhibit good leadership and conduct that would help transform the Bank and also meet the expectations of the government.