National Investment Bank (NIB) – Ho
National Investment Bank (NIB) is a state-owned commercial bank in Ghana, licensed by the Bank of Ghana. Established to promote industrialization and support private sector development, NIB provides financial services to individuals, businesses, and industries across the country. The bank offers retail, SME, corporate, digital, treasury, and international trade banking services.
History
NIB’s origins date back to the post-World War II era, when the Gold Coast Industrial Development Corporation (GCIDC) was set up in 1952 to support indigenous entrepreneurs. The GCIDC provided financial assistance, modern equipment, and technical guidance to local businesses, particularly in sectors like furniture-making, baking, and laundry services.
Building on this foundation, NIB was created to provide loans and equity financing for joint ventures and industrial projects. Over the years, the bank has contributed to major enterprises, including Nestle Ghana Limited, Novotel (now Accra City Hotel), Kabel Metal (now Nexans Kabelmetal), and Aluworks.
In 2021, the government mandated NIB to help position Ghana as an industrial hub in Africa, and the bank received a GHC 800 million capital infusion to strengthen its operations. However, challenges with capitalization and profitability have prompted reviews and discussions about potential restructuring, including proposals for the Agricultural Development Bank (ADB) to take over its management.
Branch Network
As of 2017, NIB operates a network of 52 branches across Ghana, providing convenient access to banking services for its clients.
Products and Services
- Retail Banking – Personal accounts, savings, and loans
- SME Banking – Support for small and medium enterprises
- Corporate Banking – Financing for large businesses and industries
- Digital Banking – Online and mobile banking solutions
- Treasury and Investment Services – Asset management and investment solutions
- International Trade and Payments – Support for cross-border trade
