Keystone Bank resilient, in stronger position, CEO Imam reaffirms

Keystone Bank Limited has reiterated its financial stability, dispelling rumours of any plan by the Central Bank of Nigeria (CBN) to revoke its licence.

In a statement released on Tuesday, the bank’s Managing Director and Chief Executive Officer, Hassan Imam, assured customers and stakeholders that the institution remains strong, healthy, and resilient, and that the circulating claims are baseless.

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Imam addressed the widespread misinformation being circulated on social media platforms, particularly WhatsApp, urging the public to disregard the false allegations.

“We wish to set the records straight that we are strong and have continued to grow our balance sheet while delivering exceptional value to our stakeholders,” Imam stated. “We are actively pursuing legal action against those responsible for spreading fake news and are committed to holding them accountable.

“As a bank, we have continued to operate from a position of financial strength, consistently meeting our obligations as well as all regulatory requirements.

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“Our retail banking services have also been recognized for excellence, ranking second in the industry according to the KPMG BICX 2023 Report and the bank emerged as the ‘Retail Bank of the Year’ at the Africa Industrial and Development Conference and Awards 2024.

“The recent appointment of the Board of Directors by the Central Bank of Nigeria, comprising seasoned and experienced bankers and professionals from diverse fields, further strengthens our governance structure.” he noted.