Keystone Bank Debunks Licence Withdrawal Rumours, Reaffirms Financial Strength
Keystone Bank’s Managing Director and CEO, Hassan Imam, has strongly reassured stakeholders of the bank's stability amidst false claims circulating on social media about the potential withdrawal of its licence by the Central Bank of Nigeria (CBN). In a statement issued on Tuesday, Imam emphasized that Keystone Bank is in a strong and resilient financial position, dismissing the rumours as baseless.
Imam addressed the misinformation, which has primarily spread via WhatsApp, urging the public to disregard such unfounded allegations. He reiterated that Keystone Bank has maintained financial growth and continues to meet all its regulatory obligations. The bank is also pursuing legal action against the individuals responsible for spreading these falsehoods.
“We are strong, financially sound, and have continued to grow our balance sheet while delivering exceptional value to our stakeholders,” Imam said. He reassured customers that Keystone Bank operates from a position of financial strength and has consistently complied with all regulatory requirements.
Keystone Bank’s Achievements
Imam highlighted the bank’s accomplishments, including its ranking as second in retail banking services by the KPMG BICX 2023 Report and its recent recognition as the 'Retail Bank of the Year' at the 2024 Africa Industrial and Development Conference and Awards. These achievements underscore the bank’s strong market presence and operational excellence.
Governance Strengthened
Further bolstering confidence, Imam noted that the CBN recently appointed a new Board of Directors, composed of experienced professionals from various fields. This new board enhances Keystone Bank’s governance structure and affirms its commitment to strong corporate oversight.
Keystone Bank remains dedicated to meeting its obligations and delivering value to its customers, despite attempts to undermine its reputation with false rumours.
Keystone Bank’s Managing Director and CEO, Hassan Imam, has strongly reassured stakeholders of the bank's stability amidst false claims circulating on social media about the potential withdrawal of its licence by the Central Bank of Nigeria (CBN). In a statement issued on Tuesday, Imam emphasized that Keystone Bank is in a strong and resilient financial position, dismissing the rumours as baseless.
Imam addressed the misinformation, which has primarily spread via WhatsApp, urging the public to disregard such unfounded allegations. He reiterated that Keystone Bank has maintained financial growth and continues to meet all its regulatory obligations. The bank is also pursuing legal action against the individuals responsible for spreading these falsehoods.
“We are strong, financially sound, and have continued to grow our balance sheet while delivering exceptional value to our stakeholders,” Imam said. He reassured customers that Keystone Bank operates from a position of financial strength and has consistently complied with all regulatory requirements.
Keystone Bank’s Achievements
Imam highlighted the bank’s accomplishments, including its ranking as second in retail banking services by the KPMG BICX 2023 Report and its recent recognition as the 'Retail Bank of the Year' at the 2024 Africa Industrial and Development Conference and Awards. These achievements underscore the bank’s strong market presence and operational excellence.
Governance Strengthened
Further bolstering confidence, Imam noted that the CBN recently appointed a new Board of Directors, composed of experienced professionals from various fields. This new board enhances Keystone Bank’s governance structure and affirms its commitment to strong corporate oversight.
Keystone Bank remains dedicated to meeting its obligations and delivering value to its customers, despite attempts to undermine its reputation with false rumours.