NIB to pay dividends in 2015

Togbe Afede XIV, Board Chairman of the National Investment Bank (NIB), says the bank will pay dividends to shareholders next year in fulfillment of the promise made to them.

Speaking at a cocktail party to appreciate the efforts of loyal customers of the bank over the weekend in Accra, Togbe Afede said the bank has the capability to effectively serve customers.

“Our solvency, liquidity ratios are all solid and we are excited that we are seeing improvement in all the variables.”

He said the bank owns many businesses including Nestle, Aluworks, Intravenous Infusions, etc.

“Our environment is experiencing very high fiscal deficit with its own challenges. We are in the market that is quite unstable, especially the foreign exchange markets and same goes to the products and factor markets, high inflation, etc. Of course these are all worsened by the energy situation.

That is the environment in which we have to operate and fashion products that will help serve the needs of customers and grow their businesses as a way of growing our own. And very critically, we have to do that in an increasingly competitive banking environment.”

Togbe Afede commented: “We are looking strongly at the SME sector, because we acknowledge that those are the foundations upon which we can grow our economy. Our micro enterprises require special needs so we are sharpening our skills to be able to service these sectors of our economy.”

Ernest Agbesi, Managing Director of NIB, in a welcome speech, commended customers of the bank for their continued trust in the bank.

“We expect to open a branch at Asokwa, Kumasi and Ashaiman. We will see the opening of more branches next year.

“Every company’s greatest assets are its customers because without customers there is no company. You have been the purpose of our existence and we use this opportunity to thank you all.”

Themed: ‘Reconnecting with our valued customers,’ the celebration was used to deepen the relationship between the bank and customers, among others.

source : Daily Guide