Keystone Bank Limited

Keystone Bank offers banking services to large corporations, public institutions, small to medium enterprises (SMEs) and individuals. The bank is a large financial services provider in Nigeria. {{asof|December 2012}}, the bank's total assets were valued at US$1.916 billion (NGN:307.5 billion), with shareholders' equity valued at about US$213.3 million (NGN:34.23 billion).{{cite web|url=http://www.keystonebankng.com/2012AnnualReport/4.%20FINANCIALS%20pages%2051%20to%2073.pdf|title=Audited December 2012 Financial Statement|website=Keystonebankng.com|accessdate=15 October 2017|archive-date=7 April 2014|archive-url=https://web.archive.org/web/20140407031227/http://www.keystonebankng.com/2012AnnualReport/4.%20FINANCIALS%20pages%2051%20to%2073.pdf|url-status=dead}}

On Friday 5 August 2011, Keystone Bank Limited was issued a commercial banking license by the Central Bank of Nigeria (CBN). On the same day, CBN revoked the banking license of Bank PHB. Keystone Bank assumed the assets and some liabilities of the now defunct Bank PHB.{{Cite news|url=http://allafrica.com/stories/201108060011.html|title=Nigeria: Afribank, Spring Bank, Bank PHB Nationalised|last=Chima|first=Obinna|date=2011-08-06|work=This Day (Lagos)|access-date=2017-08-29}}

On 22 March 2017, Asset Management Company of Nigeria announced that Keystone bank had been sold to investors for 25 billion naira ($81.5 million). It was sold to Sigma Golf-Riverbank consortium.{{Cite news|url=https://www.thisdaylive.com/index.php/2017/03/21/finally-amcon-sells-keystone-bank-for-n25bn-to-new-investors/|title=Finally, AMCON Sells Keystone Bank for N25bn to New Investors|date=2017-03-21|work=This Day|access-date=2017-04-06|language=en-US|archive-date=6 April 2017|archive-url=https://web.archive.org/web/20170406201655/https://www.thisdaylive.com/index.php/2017/03/21/finally-amcon-sells-keystone-bank-for-n25bn-to-new-investors/|url-status=dead}}

On February 11, 2025, the Lagos State Special Offences Court ordered the forfeiture of 6.3 billion units of ordinary shares in Keystone Bank Limited to the Federal Government of Nigeria. The decision followed a guilty plea by Sigma Golf Nigeria Limited in a ₦20 billion fraud case filed by the Economic and Financial Crimes Commission (EFCC).{{Cite web |last=Reporters |first=Our |date=2025-02-11 |title=Court orders forfeiture of 6.3bn Keystone Bank shares to FG |url=https://punchng.com/court-orders-forfeiture-of-6-3bn-keystone-bank-shares-to-fg/ |access-date=2025-02-25 |website=Punch Newspapers |language=en-US}}

The bank was previously owned by the Asset Management Corporation of Nigeria (AMCON), an arm of the Federal Government of Nigeria.

The bank is currently owned by Sigma Golf River Bank Consortium after being acquired from the Asset Management Corporation of Nigeria (AMCON) in March 2017.{{Citation needed|date=June 2022}}

The bank together with its onshore and offshore subsidiaries, constitute the Keystone Bank Group. The bank's subsidiaries include the following:{{Cite web|url=http://www.keystonebankng.com/informationcentre.php?p=9&mode=content|title=Keystone Bank {{!}} Convenience & Reliability : Information Centre »|last=James|first=Ikpeme|website=Keystonebankng.com|access-date=2017-08-29}}

• Global Bank Liberia – Monrovia, Liberia
• Keystone Insurance – Lagos, Nigeria

According to its website, the bank maintains a network of over 150 business offices and locations in all the states of Nigeria.{{Cite web|url=http://www.keystonebankng.com/aboutusde.php?p=55&mode=content|title=Keystone Bank {{!}} Convenience & Reliability : Inside Keystone Bank »|last=James|first=Ikpeme|website=Keystonebankng.com|access-date=2017-08-29}}

Some of its products offered to the public includes; QuickSave/ QuickSave Plus, Paytime Accounts, Partner Plus, Active Dom/Dom Extra, Growbiz Account, Future Account, NIDA etc.

As of January 2024, the managing director and chief executive officer of the bank is Hassan Imam The executive director of Keystone Bank Limited is Nnenna Anyim Okoro.

The Bank was awarded Retail Bank of the Year at the African Industrial and Development Conference and Awards (AIDCA) in 2024.{{Cite web |title=Keystone Wins Retail Bank of the Year 2024 Award – THISDAYLIVE |url=https://www.thisdaylive.com/index.php/2024/07/11/keystone-wins-retail-bank-of-the-year-2024-award/ |access-date=2024-10-14 |website=www.thisdaylive.com}}

It got the Nigeria’s Most Innovative Retail Bank of the year, and the Africa’s Best Customer Service Provider respectively in 2018 at the International Bankers' Award Ceremony.https://www.vanguardngr.com/2018/08/keystone-bank-shines-at-international-banker-awards-wins-in-2-categories/

{{Portal|Banks}}

• Bank PHB
• Central Bank of Nigeria
• Economy of Nigeria
• Orient Bank
• List of banks in Nigeria

{{reflist}}

• [http://www.keystonebankng.com/ Homepage of Keystone Bank Limited]
• [http://www.cenbank.org/ Website of Central Bank of Nigeria]
• [https://www.premiumtimesng.com/news/headlines/226699-amcon-names-new-buyers-keystone-bank.html?tztc=1/ AMCON names new buyers of Keystone Bank] As at 21 March 2017.

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Category:Banks of Nigeria

Category:Banks established in 2011

Category:Companies based in Lagos

Category:Nigerian companies established in 2011