National Investment Bank (NIB) reported a first-quarter profit after tax of GHS 34.3 million. The bank expects a stronger financial performance in 2026, supported by its ongoing turnaround strategy.
This positive first-quarter result follows a substantial improvement in 2025. NIB recorded an operating profit of GHS 275.4 million for 2025, a significant reversal from a GHS 5.6 million operating loss in 2024. Profit after tax reached GHS 343.9 million in 2025, sharply up from GHS 2.8 million in 2024. This growth stemmed from renewed operational discipline and strengthened corporate governance.
NIB’s improved financial health contributes to the stability of Ghana's banking sector. A healthier NIB supports the broader economy by providing credit and investment. It also underscores the effectiveness of strategic financial restructuring efforts within the state-owned enterprise landscape. Customer deposits increased by 9.4% to GHS 11.6 billion in Q1 2026. Loans and advances also saw modest growth, reaching GHS 778.8 million.
Chief Doli-Wura Zakari, NIB's Chief Executive Officer, stated, “The results are clear evidence that National Investment Bank’s recovery is real and self-sustaining.” He added that the bank moved from an operating loss in 2024 to a core operating profit of GHS 275 million in 2025. This statement highlights the management’s confidence in the bank's long-term viability.
NIB plans to continue its recovery by reducing non-performing loans. The bank will use negotiated settlements and legal actions to recover outstanding debts. It also intends to maintain strict compliance with regulatory capital requirements, ensuring financial stability. Aggressive mobilization of low-cost Current and Savings Accounts (CASA) aims to lessen reliance on expensive term deposits. The bank will also optimize its branch network, focusing physical operations in high-potential commercial centers. Low-value transactions will migrate to digital channels for increased efficiency. These steps will likely bolster NIB's profitability and market position in the coming quarters. Furthermore, NIB has entered into financing agreements with other banks to support critical national projects, aiming to further strengthen its financial performance by year-end.
Net interest income climbed to GHS 151 million in the first quarter of 2026. This figure annualizes to about GHS 606 million, indicating strong revenue generation. In 2025, operating income surged by 134% to GHS 885.5 million from GHS 378.4 million a year earlier. Net interest income more than tripled to GHS 633.1 million, driven by improved asset yields. Non-interest income also increased, supported by gains from trading and other operating activities. Personnel costs rose by 66% in 2025, reflecting investment in staff motivation, crucial for sustaining growth. NIB remains focused on strategic recapitalization and prudent cost management.