Bank empowers women at 2017 Okpekpe Road Race

FROM BAYO AZEEZ, LAGOS – Keystone Bank plc has demonstrated its commitment to promoting women affairs at the recently concluded International OkpeKpe Road Race, holding the rein of the women empowerment segment of the sporting game. The Okpekpe Road Race, an annual 10 kilometre marathon organised by Pamodzi Sports marketing Nigeria Ltd in partnership with…

Keystone Bank revamps branches

This, it was discovered, is quite reassuring to the customers and has bolstered their confidence in the financial institution as it embarks on its transformation The post Keystone Bank revamps branches appeared first on The Eagle Online.

CBN re-admits Keystone Bank to forex market

The bank said in a statement issued in Lagos that the CBN readmitted it sequel to the provision of evidence of sales of foreign exchange to Small and Medium scale Enterprises The post CBN re-admits Keystone Bank to forex market appeared first on The Eagle Online.

Keystone Bank names transition board

The lender announced the names of the appointees in a statement The post Keystone Bank names transition board appeared first on The Eagle Online.

Keystone Bank gets new MD

The management of Keystone Bank Limited has appointed Hafiz Bakare as the bank’s Acting Managing Director/Chief Executive Officer. The new appointment followed the successful conclusion of the divestment of the bank by the Asset Management Corporation of Nigeria (AMCON), which culminated in the Completion Meeting of  March 23 and the formal handover of the Bank…

AMCON Finally Sells Keystone Bank, Reveals Identity Of New Owners

The Asset Management Corporation of Nigeria, AMCON, has announced the sale of Keystone Bank, one of Nigeria’s commercial banks. AMCON said the bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium). The bank, formerly known as Bank PHB, is the last of three nationalised banks to be sold, the other two being Mainstreet Bank and Enterprise Bank. In a statement signed by Jude Nwauzor, AMCON head of corporate communications, the bad debt bank said it “is pleased to announce Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium) as the new investors in relation to the acquisition of the entire issued and fully paid up ordinary shares of Keystone Bank Limited”. “This follows the receipt of the necessary regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). “The completion of the Transaction is subject to the fulfillment of the conditions precedent as stated in the Share Sale and Purchase Agreement (SPA) executed between AMCON and the Sigma Golf – Riverbank consortium.” AMCON said The Sigma Golf – Riverbank consortium is made up of Sigma Golf Nigeria Limited and Riverbank Investment Resources, which both are entities set up by local investors. The sale of the bank has been on the cards since 2016, via a process started with interest shown by more than 12 parties cutting across local and international investors. AMCON said the emergence of the Sigma Golf – Riverbank consortium resulted from a rigorous and competitive bidding process, which was coordinated for AMCON by Citibank Nigeria Limited and its affiliates and FBN Capital (Joint Financial Advisers), and Banwo & Ighodalo and Crosswrock Law (Joint Legal Advisers). Keystone Bank was incorporated by the NDIC on August 3, 2011. AMCON subsequently capitalized Keystone Bank and appointed a board of directors and executive management team to lead the Bank. As at April 2016, Keystone Bank had staff strength of 1,753 employees, network of 154 branches, 9 cash centres and 315 automated teller machines. This article originally appeared in TheCable.

The post AMCON Finally Sells Keystone Bank, Reveals Identity Of New Owners appeared first on The Trent.

Keystone Bank backs SMEs with free online training

Keystone Bank Limited has introduced a live and interactive online business clinic for female small and medium enterprises owners in the country. The programme, which is being implemented through its Pink Network initiative, was part of the bank’s continuous effort in supporting female entrepreneurs and all SMEs in the country. The training according to a…

Enugu seals eight commercial banks over N1b debt, Sterling Bank kicks

Addressing newsmen after the exercise, the Chairman of the BIR, Emeka Odo, said the board sealed the banks due to their failure to remit about N1 billion owed the state government. The post Enugu seals eight commercial banks over N1b debt, Sterling Bank kicks appeared first on The Eagle Online.

Keystone Bank boosts agric with N300m to Anchor Borrowers programme

Although, the commercial banks finance agricultural activities but their credits are urban based and so small that their impact cannot be felt in the rural areas where farming actually takes place The post Keystone Bank boosts agric with N300m to Anchor Borrowers programme appeared first on The Eagle Online.

Reps send EFCC after Keystone Bank over ITF’s N4b

According to the query dated December 2010, a total sum of N4.2 billion was illegally moved three times in November from ITF account to other accounts The post Reps send EFCC after Keystone Bank over ITF’s N4b appeared first on The Eagle Online.