NIB holds AGM in Accra (photos)

The National Investment Bank, (NIB) has held its Annual General Meeting in Accra.

The event saw shareholders of the bank approving majority of the proposed amendments tabled by management and board of the bank.

The bank recorded a significant improvement over the previous years in all aspects.

The Net Profit after tax was GH¢120.11 million for the year ended December 31, 2015 compared with GH¢ 79.39 million in 2014.

This represented an increase of 51.27 percent, with customer deposit also increasing by 32.60 percent to GH¢ 1, 781.93 million in 2015 from GH¢ 1, 343.81 million recorded in 2014.

Also, the bank registered 14.45 percent growth in its total assets from GH¢ 2,319.57 million in 2014  to GH¢ 2,654.69 million in 2015.

Shareholders fund increased from GH¢486.2 million in 2014 to GH¢ 543.18 million in 2015.

The Board Chairman of the bank, Togbe Afede XIV announced a dividend of GH¢ 0.06 per share which was agreed by the shareholders.

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By: Lawrence Segbefia/citibusinessnews.com/Ghana