Keystone Bank Branches Undergo Transformation

By Modupe Gbadeyanka

It appears management of Keystone Bank Limited has proceeded on a drive to give a face-lift to its various branches across the country as part of the post- divestment repositioning.

Recall that after the announcement of the successful sale of financial institution, the new owners, Sigma Golf-Riverbank Consortium, promised to take active steps towards turning around its operations in order to become more competitive in the banking sector.

This promise seems to have been kept by the new investors, who have silently been carrying out different developmental plans to make the lender one of the strongest in the country.

Our checks with some of the bank’s customers across the country revealed that a large spectrum of the customers see this as a welcome development laying credence to the earlier statement from the bank that its new management will bring about a transformation which will not only be felt by the staff and customers through the quality of services, but one that also will be tangible.

This can now be felt as a lot of the branches have come alive with a new look and the staff now carry out their duties with a lot of confidence.

Many industry experts also believe that this will further engender a positive perception of the brand in the minds of its stakeholders.

Recall that on March 23, 2017, AMCON successfully divested the assets of Keystone Bank Limited and formally handed it over to the Sigma Golf-Riverbank Consortium.

These new owners appear to be moving confidently in line with their plans to reposition the lender effectively in the industry having followed due process by fulfilling all the necessary regulatory and legal approvals through a transparent process that has been hailed by industry watchers, investment analysts and discerning minds.

It will also be recalled that the process was anchored by a crack team of transaction and legal advisers including KPMG Professional Services, FBN Capital Limited, Citi Bank Nigeria Limited, Giwa Osagie & Co., Banwo & Ighodalo amongst others.

This, we discovered is quite reassuring to the customers and has bolstered their confidence in the financial institution as it embarks on its transformation.