Keystone Bank has affirmed its resilience and strong financial position, dispelling rumours of any plans by the Central Bank of Nigeria (CBN) to revoke its licence.
The bank’s Managing Director and Chief Executive Officer, Hassan Imam, issued a statement on Tuesday, reiterating that Keystone Bank remained safe, healthy, and resilient.
The clarification followed the widespread circulation of fake news on social media, particularly on WhatsApp.
Imam urged customers and stakeholders to dismiss the false allegations.
He stated, “We want to set the record straight that we are strong and have consistently grown our balance sheet while delivering exceptional value to stakeholders. We are also taking legal action against those responsible for spreading this fake news and will hold them accountable.”
Imam further emphasized that the bank had been operating from a position of financial strength, meeting all its obligations and regulatory requirements.
He noted that Keystone’s retail banking services were recognised for excellence, ranking second in the industry according to the KPMG BICX 2023 Report, and the bank was awarded ‘Retail Bank of the Year’ at the Africa Industrial and Development Conference and Awards 2024.
He also highlighted the recent appointment of a new Board of Directors by the CBN, consisting of experienced professionals, which has further strengthened the bank’s governance structure.
Source: PM NEWS
