The Board of Management of the National Investment Bank (NIB), has commissioned one of its branches in the Yendi municipality.
The Yendi branch is the fifth to be opened in the northern region and the 16th branch of the bank’s expansion drive, which commenced last year. Recently the board opened branches at Sawla, and on the Tamale UDS campus, in addition to the main Tamale branch, bringing the total number of branches to of 44. There are branches at Nkwanta, Asante-Mampong, and Kaneshie.
Addressing the gathering the acting managing dIrector and the CEO of the National Investment Bank, Mr John Asamoah encouraged people in the Yendi municipality to patronize the bank to grow their businesses.
According to him, they intend to open a branch at Suame in the Ashanti region by the end of the third quarter of this year. These efforts, he said, are geared towards bringing the branches closer to customers and also enhance their deposit mobilization.
Mr Asamoah stated that the bank intends to relocate its Dansoman and Techiman branches as well as other branches to offer more space and convenience for customers.
The bank, he said, has a diversified target market which includes manufacturing, infrastructure, agriculture, construction and services sectors.
Mr Asamoah indicated that the Yendi branch will increase the bank’s capacity to serve customers, especially those in the ex-service sector. “The bank is a full network bank with robust IT infrastructure, therefore customers in Yendi can access services across the region and towns,” he said.
He was also optimistic that the completion of the eastern corridor road project will boost economic activities in the municipality. Businesses, he said, cannot grow without the bank’s support.
He said for the past 53 years NIB has supported Ghanaian businesses with the expectation that the people of the Yendi municipality will patronize their services by opening accounts and enjoying other services the bank offers
Mr Asamoah further revealed that the bank has taken the step to grow its deposit base by expanding branch networks in order to remain profitable.
The expansion of the branch, he said, will generate social benefits by promoting greater financial inclusion as well as being an important tool for supporting economic development and improving the living standards of the people of Yendi.
The Chairman of the Board subcommittee of NIB, Mr Seth Ofori Ohene, on his part, said the opening of the branch is remarkable and refreshing in the NIB’s history as a bank, in the sense that the long cherished dream of expansion and serving many communities across the country has been realized.
He said Yendi and for that matter Dagbon, has added up to that reality and success. The branch, Mr Ohene mentioned, is to make banking accessible to the people in the area as well as help build businesses in the municipality.
The presence of the bank will help inculcate a saving culture among the people, grow business within and around Yendi and make transactions among clients and the outside world easier and productive.
Their services will be people-centered and will take into account the needs of the people in providing services. He also used the opportunity to acknowledge the efforts of the past Director of NIB, Mr Ernest Mawuli Agbeshie who is now the director of Ghana Commercial Bank ( GCB )and assured the people of the bank’s readiness to extend quality banking to the door steps of Ghanaians as well as to expand their shares in the banking industry in the country.