National Investment Bank (NIB), on Wednesday paid 15 billion cedis
dividend to the Government on its 2006 accounts.
This is after recording a profit after tax of 44.2 billion cedis.
Making the presentation, Dr Charles D. Jebuni, Board Chairman,
NIB, said total deposits grew by 35.3 per cent from 1,254.4 billion
cedis as at 31st December 2005 to 1,697.54 billion cedis at the end of
December 2006.
He said the strategic posture of the Bank to be a catalyst in
industrial and economic development was given a further boost with the
appointment of the Bank as the financial operator for the
implementation of the project on perennial crops, namely oil palm and
rubber plantations development in the Western and Central Regions.Dr
Jebuni said they had plans with the Ministry of Road Transport and BHF
Bank to provide more road equipment for Ghanaian road contractors to
enhance their operational capacity and competitiveness.
"The banking industry," he explained, "is gradually becoming more
competitive and our ability to offer good returns to our stakeholders
will largely depend on our skills as bankers with the business acumen
for creating and enhancing niches in target markets," he said.
Dr Anthony Akoto-Osei, Deputy Minister of Finance and Economic
Planning, said the Government had over the past few years committed
itself to improving the financial sector through institutional, legal
and regulatory reforms to give further impetus to the deepening of
financial intermediation.
He said the Government would continue to create the enabling
environment to improve the banking sector and the delivery of services
to the general public at competitive cost for all sectors to
thrive."It is our hope that NIB will continue to work harder and
partner the Government in its effort to bring development to the
people" he said.
4 April 07
