NIB receives A+ rating

The 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).

NIB received the award at a ceremony held in Kigali last week. The bank received an A+ rating in the areas of governance, financial and operational standards.

The Chief Executive Officer of NIB, Mr Ernest Mawuli Agbesi, told the Daily Graphic in Accra that the bank was among the 20 Best Performing Development Finance Institutions (DFIs) in Africa which were commended. 

The rankings were established by the Third Peer Review with the AADFI Prudential Guidelines, Standards and Ratings System (PSGRS) released in Mombasa, Kenya, in November last year. 

Mr Agbesi said the rating would spur the bank on to attain greater heights. 

He disclosed that NIB was embarking on an organisational restructuring to consolidate and position itself as “the best state-owned bank in the country.” 

In line with that, the CEO said a number of branches would be opened this year to bring the bank closer to its customers.