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NIB to bring vast experience into SME market
Posted on: 28-Jun-2013         Source: thebftonline.com
National Investment Bank Limited, Ghana’s foremost development bank, is set to make its presence felt in the SME market. This was announced by Mr. Jerry N. Halm, Head of Customer Service and Public Relations of the bank, on a GTV Breakfast Show programme.

He stated that the Bank, which is in its 49th year of existence, was initially set up to aid in the rapid industrialisation of the Ghanaian economy by the first President, Dr. Kwame Nkrumah. He asserted that over its forty-nine years of existence, the Bank has acquired considerable expertise in aiding start-up companies through either debt financing and/or equity financing. This vast knowledge, Mr. Halm intimated, will now be made available to the numerous SMEs in the country through the launch of the Bank’s SME unit.

Mr. Samuel Manu Asiama, Head of Compliance of NIB who was also on the show, added his voice by saying that NIB has reinvented itself to make it more relevant to today’s economic challenges. He was of the view that the rich blend of experienced individuals and young motivated professionals will carry the torch of empowering local entrepreneurs to greater heights.

The National Investment Bank Limited was established by an Act of Parliament (Act 163) on March 22, 1963 and has been at the forefront of the country’s industrialisation over the years. The core competence of the Bank is in the areas of project and construction financing.