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National Investment Bank (NIB) recently held its 45th Annual General Meeting (AMG) at the La Palm Royal Beach Hotel. Togbe Afede XIV, Chairman of the Board of Directors of NIB, congratulated management of NIB for achieving impressive operating results over four consecutive years. Total operating income for the year 2013 increased by 38.3 percent to GH�131.42 million in 2013 from GH�95.0 million in 2012 while correspond�ing operating expenses increased by 32.1 percent to GH�61.2 million from GH�46.3 million in the previous year. However, credit impairment losses affected the bank, as total provision for the year amounted to GH�26.1 million compared to GH�37.3 million in 2012. In spite of the aforementioned, NIB recorded a net profit-after-tax for 2013 of GH�38.5 million, an increase of 231.1 percent over 2012 perfor�mance of GH�11.6 million. No dividend payment was proposed for the year ended December 31, 2013. This is to allow income surplus account to be�come positive in accordance with statutory requirement and best practice. The balance sheet of the bank also continued to strengthen as shareholders� funds grew by 184.8 percent to GH�285.4 million by the end of 2013 compared to GH�100.02 million at the end of 2012. Total assets grew by 35.7 percent from GH�876.9 million at the end of 2012 to GH�1,189.9 million at the end of 2013. NIB financially assisted various organizations including the Ghana Heart Foundation, Ghana Red Cross Society, Ministry of Food & Agriculture, Cape Coast Polytechnic, University for Develop�ment Studies and Takoradi Polytechnic, among others. Managing Director of NIB, Ernest Agbesi, in a remark, said the bank expects to maintain a strong momentum buoyed by an aggressive Strategic Plan programmed between 2014 and 2016. �This will enable the Bank forge the needed strategic partnerships which will reposition it for further competitiveness and to take ad�vantage of the emerging improved business environment.�