Overview
Keystone Bank Limited (Keystone Bank or the Bank) was granted a Commercial Banking License by the Central Bank of Nigeria (CBN) on August 5, 2011. Keystone Bank acquired all the assets, deposit liabilities and certain other liabilities of the erstwhile Bank PHB Plc from the Nigeria Deposit Insurance Corporation (NDIC) following the revocation by the CBN, of the Banking License of Bank PHB Plc. Shortly after the grant of the Commercial Banking License to Keystone Bank, the Asset Management Corporation of Nigeria (AMCON) acquired and held the shares of the Bank until March 2017, when it sold the Bank to the Sigma Golf-Riverbank Consortium (which comprised Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited).
KBL Insurance Limited is Keystone Bank’s remaining subsidiary following the full divestment from Keystone Bank Sierra Leone Limited and Global Bank Liberia Limited in December 2022 and January 2023, respectively. The Bank has 157 branches and 1 cash centers spread across Nigeria.
The Board of the Bank presently comprises Hassan Imam as MD/CEO and Nnenna Okoro as Executive Director. The Central Bank of Nigeria is in the process of constituting the full complement of the Board of Directors.