NIB Receives A+ Rating In Africa

Mr AgbesiThe National Investment Bank Limited (NIB) has been adjudged the best performing Development Finance Institution in Africa for 2013 by the Association of African Development Finance Institutions (AADFI).

The Bank had an A+ rating in the areas of governance, financial and operational standards, was awarded at a ceremony in Kigali last week.

The rankings were established by the 3rd peer review with the AADFI Prudential Guidelines, Standards and Ratings System (PSGRS) released in Mombasa, Kenya in November, last year.

NIB was among the 20 best performing Development Finance Institutions (DFIs) in Africa who were commended.

NIB is a universal bank which has been in existence for over fifty (50) years. It focuses on providing financial support for indigenous Ghanaian companies.

Enthralled by the award, the Managing Director of NIB, Mr Ernest Mawuli Agbesi, said the rating would spur the bank on to attain greater heights.

He said the Bank had embarked on organisational re-structuring to consolidate, and position itself as the best state-owned bank in the country.

He said line with this, a number of branches would be opened this year to make the bank accessible to its numerous customers.

The M D has, therefore, expressed his gratitude to the bank’s loyal customers for keeping faith with it over the years.




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