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PUBLIC SECTOR BANKING

Our Public-sector group provides financial services to Federal, State and Local Governments nationwide as well as Federal and State Agencies. Our cutting-edge IT solutions also serve a broad spectrum of Federal Tertiary Institutions, Teaching Hospitals, Judiciary and the Legislature. 

Our Service Promise
We support, guide and grow businesses by providing the necessary financial solutions for growth, while keeping in focus the business’ need for profitability and efficient liquidity management. 


Products & Services 
• Trade Finance
• Short- and Long-Term Financing
• Project & Structured Finance
• Bonds and Guarantees
• Value Chain Management
• Cash Management Services
• Syndications

 

Sector Focus 
• General commerce (Trading)
• Industrial and Agro-Allied chemicals
• Telecommunications
• Manufacturing
• Downstream Oil and Gas Trading
• Hospitality
• Building & Construction


Trade 
• FX Sales
• Letters of Credit
• Foreign Remittances
• Foreign Cheque Clearance
• Value Chain Management

Specialised Products & Services 
• Loans & Advances
• Term Loans
• Internal Guidance Facilities
• Overdrafts
• Internal Guidance Facilities
• Overdrafts
• Payroll Management
• Tax Collections

To enjoy these services please call +234 700 200 3000, email – contactcentre@keystonebankng.com, speak to your Relationship Manager or contact our nearest branch today

PUBLIC SECTOR PRODUCTS

ActivCollect is Keystone Bank’s proprietary collection platform built on our robust technology for in-branch collections. The technology enables us customize cash collection solutions that meet every customer’s requirement. ActiveCollect is secure and enables organizations receive payments from their customers across our branch network while monitoring customized, real-time reports at their location.

 

DOM EXTRA ACCOUNT

Keystone Bank Domiciliary Extra Account is a foreign currency denominated account that is targeted at Limited Liability Companies.

Features
• Account can be denominated in Dollars, Pounds or Euros. 
• Minimum operating balance of 1,000 USD, GBP or EUR.
• Issuance of personalized non-clearing cheques 
• Competitive interest rates.
• Cash & wire transfers to and from the account (Terms & Conditions Apply)
• Access to Keystone Bank debit/credit card. 
• Access to safe and secure E-Banking services & Channels – Mobile Banking, Internet Banking for international and local funds transfer 
• Cash Withdrawal – 0.05% of amount withdrawn • Zero transfer charge 
• Telex charge of $25 or its equivalent in pounds or euro 
• VAT 5% 

Requirements:
1. Duly filled and signed account opening form
2. Documentary evidence of address for the company e.g utility bill
3. 2 references (corporate entities only)
4. 2 Passport photographs 
5. Valid means of identification of each signatory
6. Residence Permit (where applicable) 
7. Certificate of Incorporation / Business Registration 
8. Forms CO7 and CO2
9. Memorandum and Article of Association
10. Board resolution
11. Search report
12. Tax Identification Number 
13. Stamp Duty(sign across the stamp) 
14. Dud Cheque Pledge Form 
15. BVN from signatories, 
16. Visitation Report & KYC form 
17. SCUML (DNFBPs only) 
18. ₦50 Postage stamp 

For details, kindly contact us at Keystone Bank Limited. 1 Keystone Bank Crescent, Victoria Island, Lagos. 
Telephone: 0700 2000 3000.
Email: contactcentre@keystonebankng.com

CORPORATE CURRENT ACCOUNT

This serves as a higher variant of the Quick Save account, targeted at financially excluded persons. The customer is, however, required to provide a valid form of identification.

Features: 
• Minimum opening balance of N10,000
• No minimum operating balance
• Current account maintenance fee of N1 for every N1,000 debit transaction 
• Issuance of cheque booklet valid for clearing
• Account can be used to access loans
• No restriction to number of withdrawals 

Requirements:
1. Duly filled and signed account opening form
2. Documentary evidence of address for the company e.g utility bill
3. 2 references (corporate entities only)
4. 2 Passport photographs 
5. Valid means of identification of each signatory
6. Residence Permit (where applicable) 
7. Certificate of Incorporation / Business Registration 
8. Forms CO7 and CO2
9. Memorandum and Article of Association
10. Board resolution
11. Tax Identification Number 
12. Stamp Duty(sign across the stamp) 
13. Dud Cheque Pledge Form 
14. BVN from signatories, 
15. Visitation Report & KYC form 
16. SCUML (DNFBPs only) 
17. ₦50 Postage stamp 

Agric Finance Group offers professional support to all market facing staff of the Bank in the creation of good quality risk asset in all the areas captured within the Agriculture Value Chain.
Environmental and Social risk considerations will be undertaken for finance provided anywhere along this value chain.
The Group advises both customers and RMs on the best loan structure and farm practices to make the business relationship successful and profitable.
The Group gets majority of its lending fund from CBN at a maximum cost of 2% p.a. for on-lending to agribusinesses at a concessionary rate of 9% p.a. (all in).

AGRIC CREDIT SCHEMES(SUMMARY)
PRODUCTTARGET MARKETINTEREST RATEINTEREST DRAW BACKCRGCOLLATERAL
ACGSF
-Individual N5m
-Cooperative N10m
– Individual – CooperativeCommercial40% if customer abides by terms and conditions75% on outstanding– 25% Cash Collateral
– Personal guarantee
– Cross Guarantee
– No additional security for less than N1m
– Other security(ies) acceptable to the Bank.
GESAgro-dealers18% (inclusive of 1% for CRG)50% if customer abides by terms and conditions75% on outstanding– 10% equity contribution
– 75% CRG
– Collateral manager
– Other security(ies) acceptable to the Bank.
CACSCommercial Farm holding on all Agric Value Chain9%Not applicable.Not applicable.Any collateral acceptable to the Bank.
MSMEDF– Micro,
– Small and
– Medium enterprise
9% (2% to CBN, 7% to Bank)N/AN/AAny collateral acceptable to the Bank.
NIRSALCommercial Farm holding on all Agric Value ChainCommercial-Large Scale primary producer – 20%
-Small scale primary producer – 40%
Small scale primary production – 75%
Large scale primary production – 50%
Integrated farms – 30%
Logistics provider – 30%
Any collateral acceptable to the Bank.
NIRSAL Mechanization– Cooperative
– Individuals
– Companies
Commercial-Small scale – 40%
-Large scale – 20%
-Small scale – 75%
-Large scale– 50%
– 10% Equity Contribution
Any collateral acceptable to the Bank.
RSSFLarge scale commercial Farm holding on all Agric Value Chain with N500m – N10billion financing need9% (3% to CBN, 6% to Bank)Not Applicable.Not Applicable.Any collateral acceptable to the Bank.