Nothing about merger has come to us officially – NIB
National Investment Bank has ruled out any plan to merge with the Agricultural Development Bank (ADB).
“Nothing about a merger or otherwise has come to us officially,” Board Chairman of NIB, Togbe Afede said.
Speaking to JoyBusiness at the 55th-anniversary celebration of NIB, he said, “What we are aware of is the government’s desire to see NIB return to its core mandate which will mean supporting industry; supporting 1D1F so that our industrial sector can lead the growth of the Ghanaian economy.
We are doing our work with the sole objective of positioning NIB to be a strong bank that will fulfil its original mandate of helping to create industries as a way of promoting an industrial sector growth that will help the growth of the entire economy,” he said.