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After sale Keystone Bank revamps branches



After sale Keystone Bank revamps branches

On the heels of the announcement of the successful sale of Keystone Bank, it appears the management of the bank has proceeded on a drive to give a face-lift to its various branches across the country as part of a post- divestment repositioning.

The new investors had promised to take active steps towards turning around its operations in order to become more competitive in the sector.

Checks with some of the Bank’s customers across the country revealed that a large spectrum of the customers see this as a welcome development laying credence to the earlier statement from the bank that the new management of the bank will bring about a tangible transformation which will be felt by both staff and customers of the bank.

It was observed that a lot of the branches have come alive with a new look and the staff now carry out their duties with a lot of confidence.

Many industry experts also believe that this will further engender a positive perception of the brand in the minds of its stakeholders.

Read also: Union Bank to write off N248bn accumulated losses

It would be recalled that on the 23rd of March 2017, AMCON successfully divested the assets of Keystone Bank Limited and formally handed the Bank over to the Sigma Golf-Riverbank Consortium.

The new owners appear to be moving confidently in line with their plans to reposition the bank following the fulfillment of all necessary regulatory and legal approvals through a process that has been hailed by industry watchers and investment analysts among others.

It will also be recalled that the process was anchored by a team of transaction and legal advisers including KPMG Professional Services, FBN Capital Limited, Citi Bank Nigeria Limited, Giwa Osagie & Co., Banwo & Ighodalo amongst others.

It was gathered that this went a long way in reassuring the customers and has bolstered their confidence in the financial institution as it embarks on its transformation process.


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