Keystone Bank Resilient, In Stronger Position — CEO Imam

Keystone Bank Limited has again reaffirmed the Central Bank of Nigeria (CBN)’s position that it remained safe, healthy, strong, resilient, and that there was no plan by the apex bank to withdraw its licence.

A statement on Tuesday signed by the Managing Director and Chief Executive Officer of the bank, Mr. Hassan Imam, said the clarification became necessary because of the incessant releases of fake news which were being circulated on the social media space, especially the WhatsApp platform.

Imam urged its customers and stakeholders to disregard the allegations, describing them as false.

According to the bank’s chief executive, “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. 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.

“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,” Imam stated.