This type of account is suitable for day-to-day business transactions. Active operation of the Current Account enables customers’ access credit facilities of the Bank. A Current Account holder could qualify for any lending facility (subjec…
This is the provision of special financial services to meet the needs of Small and Medium Enterprises.
SME Loans
Minimum Amount: GH¢ 1,000.00
Maximum Amount: GH¢ 200, 000.00
Duration: 1 – 12 months
Requirements:
App…
This a product serves to protect claims arising from loan/advance or from some other financial liability. If an importer unexpectedly fails to make payment when the exporter has met his contractual obligagtions, a written declaration is se…
This guarantee is issued to GHACEM by the bank on behalf of the customer for the supply of cement. It’s a Supplier’s guarantee covering supplier’s credit. All sales made by the supplier is channeled through the customers’ account to be tra…
The Bank buys treasury securities issued by the Government of Ghana on behalf of customers. These securities have very attractive returns and are deemed risk free for clients. Treasury bills are short-to-medium term investments which requi…
Fixed Deposits (FDs) are Investments offered by the Bank to attract higher interest for customers who choose to lodge their deposits for a fixed period of time. These investments can be done for periods ranging from three (3) months to one…
Call Deposits are investments available to clients who are interested in making cash lodgments for an unspecified period whilst attracting high returns. The rates are negotiable per the level of investment.
The Bank undertakes funds management for clients who require these services. Funds lodged periodically by these clients are invested and managed to attract high returns.
A Portfolio of investments can be managed on behalf of corporate clients and walk-in customers to generate higher returns. Various Investment vehicles such as treasury securities, corporate bonds and FDRs are utilized to ensure high return…
This account is suitable for individuals who are eighteen (18) years and above, societies and organizations who want to save part of their earnings to meet future needs i.e. to purchase fixed assets, to pay school fees etc. This account ca…
The NIB Churchlink is a product designed for Churches. This is a hybrid of a current and an investment account specifically designed to offer churches high interest, flexibility of a cheque book and a loan facility when required.
FEAT…
These accounts are mainly funded with remittances from abroad and can be withdrawn in any NIB branch with no charge, i.e. if withdrawal is in Cedis. 2.5% charge is paid when withdrawal is made in said depositing currency. Generally, balanc…
These accounts are funded internally from cash lodgments or credits from other foreign exchange accounts in Ghana or inward remittances. Generally, balances on these accounts cannot be freely transferred without the necessary supporting do…
This product is designed for Ghanaians residents abroad with special emphasis on those who have not regularized their stay. It is a Cedi Account, however, if an applicant decides to open a Foreign Account under the same dispensation, the B…
NIB Kwik Loan
General purpose loan intended to meet the specific needs of clients. The facility is targeted at salary workers who earned not less than GH¢200.00 monthly for personal needs such as rent, school fees etc.
Auto Link (Auto Loan)
Credit product offered to customers who want to purchase a brand new vehicles. Successful applicants are to contribute at least 20% of the total value of the vehicle.
Exeloan (Executive Personal Loan)
This credit facility is offered to executives and high net worth employees of blue chip companies. Only individuals who earn not less than GH¢25,000.00 net salary a year qualify to apply for this facili…
Advance Cash (Salary Advance)
Customers who maintain accounts with NIB or are paid through Controller and Accountants General Department can access up to 80% of their salary in advance.
Plus Loan (Scheme Loan)
Reputable institutions who wants to free up its working capital that would otherwise be tied to loans to members of staff are offered this loans on condition that its employees have accounts with NIB and the empl…
CEPS Guarantee
This Bank Guarantee is issued to CEPS on the customers behalf to enable him/her enjoy opportunity of deferred payment in respect of custom duties.
Bid Bond/ Bid Security/ Tender Security
This facility is available at the Bank for customers, mainly contractors who intend to tender or bid for contracts.
Bank Guarantee/ Trade Guarantee/ Suppliers Guarantee
Customers could purchase on credit from suppliers if this facility is accessed. Payments of goods supplied are paid on a due date. In the event of the customer's inability to pay a su…
Trade/ Suppliers Guarantee.
This a product serves to protect claims arising from loan/advance or from some other financial liability. If an importer unexpectedly fails to make payment when the exporter has met his contractual obligagtio…
Performance Bond/ Performance Security/ Performance Guarantee
Contract awarding agencies normally request from successful bidders to submit legal documents guaranteeing completion of the contract award formalities and readiness to execu…
Advance Mobilization Guarantee/ Advance Payment Guarantee
This facility provided by the Bank enables successful Bidders to access Advance Mobilization from the contract awarding agency towards the execution of a contract. In the event o…
Short Term Loans
The facility enables customers access funds to execute projects. Re-payment is up to two (2) years. Our Oil and Gas customers can apply for this facility to purchase fuel tankers.
Long Term Loans
Provides an avenue for customers of the Bank to complete their projects. Oil and Gas customers can also apply for this facility to construct their filling stations. Re-payments normally range between 2-5 years, depending…
Letters of Credit
Enables importers buy from their foreign suppliers without making immediate payment. Our customers within the Oil and Gas sector are able to import crude oil and other refined petroleum product using this facility.
NIB Bancassurance – (General)
This product consists of policies such as NIB Importers and Exporters policy, NIB Contractors Liability policy, NIB Personal Accident Insurance, NIB Motor Vehicle Insurance, NIB Homeowners Insurance, NIB Sh…
NIB Bancassurance – (Life)
This product also consists of policies such as the NIB Child Care Education plan, NIB Future Retirement Income plan, NIB Funeral (Term) plan and the NIB Loan Protection Cover.
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