Managing Director of the National Investment Bank PLC (NIB), Dr. Doliwura Awushi Abdul-Malik Seidu Zakaria, has called on Parliament to expedite the release of GHC2.3 billion earmarked for the bank’s recapitalization.
Leading a 10-member delegation, Dr. Zakaria paid a courtesy visit to the Speaker of Parliament, Rt. Hon. Alban Sumana Kingsford Bagbin, to discuss strengthening ties between NIB and Parliament. The discussions focused on enhancing banking services for Members of Parliament (MPs), parliamentary staff, and the institution as a whole.
During the meeting, Dr. Zakaria highlighted NIB’s financial progress and ongoing efforts to improve its service offerings. He outlined recent enhancements to the bank’s loan packages, including an increase in the Salary Loan and Monitoring and Evaluation Loan for MPs. Additionally, he mentioned the introduction of specialized investment products designed to meet the financial needs of MPs and parliamentary staff.
A key concern raised by Dr. Zakaria was the recapitalization of NIB, a fully state-owned institution. He acknowledged the government’s commitment to injecting GHC2.3 billion into the bank but stressed the need for a swift disbursement of the funds. He emphasized that timely financial support was critical for NIB’s ability to remain competitive, expand its operations, and contribute effectively to Ghana’s economic development.
The Speaker of Parliament welcomed the NIB delegation and commended the bank for its efforts in improving financial services. He reaffirmed Parliament’s readiness to collaborate with NIB and explore ways to strengthen the partnership. He also underscored the importance of financial sustainability for MPs, advocating for a shift away from dependence on government-backed loans for personal financial needs.
Dr. Zakaria concluded by reaffirming NIB’s dedication to providing tailored banking solutions through its Excel Banking Unit, a specialized service designed to offer premium and personalized banking experiences to distinguished clients. He expressed confidence in the bank’s future, citing its extensive branch network, skilled workforce, strong leadership, customer-focused approach, and unwavering commitment to Ghana’s economic growth.
The meeting ended with a mutual commitment to further discussions on enhancing financial services for Parliament while ensuring the growth and stability of NIB.
