Keystone Bank |About Us
Keystone Bank


ABOUT US
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OUR STORY

Corporate History

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Founded as Habib Bank Nigeria Ltd

1981
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Platinum Bank established

2000
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Habib Nigeria merged with Platinum bank to form BankPHB

2005
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Asset Management Corporation of Nigeria (AMCON) purchased shares of Keystone Bank. BankPHB assets, deposit liabilities and certain other liabilities transferred to newly created Keystone Bank.

2011
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- Effective March 24, 2017, new investors Sigma GolfRiverbank Consortium took over management of Keystone Bank Limited following the completion of AMCON’s divestment from the bank.

- April 1, 2017 saw the set-up of a 5-man transitional board comprising 2 members of immediate past board as Executive Directors to ensure continuity and stability.

- Effective August 15, 2017, a substantive MD/CEO assumed office, marking the successful end of a seamless transition.

2017

Overview
Keystone Bank Limited (“Keystone” or the “Bank”) was granted a commercial banking license in 2011 by the Central Bank of Nigeria (CBN) as a successor bank to the erstwhile Bank PHB.
The Bank currently has 154 branches, in addition to two (2) international subsidiaries and one (1) local insurance company inherited from the predecessor bank. The subsidiaries include: Global Bank Liberia; Keystone Bank, Sierra Leone; and KBL Insurance.

Following the successful completion of AMCON’s divestment from the Bank, a 5-man Transitional Board was set up to oversee the repositioning of the Bank for growth and competitiveness. The transitional arrangement was successfully concluded on August 15, 2017 with the assumption of office of the substantive MD/CEO.

The appointment of a substantive board and executive members marks a major milestone in a seamless transition process, and is a pointer to the focused and professional approach to governance that Keystone Bank is now known for.