Lagos - Keystone Bank Limited is set to divest from its subsidiaries in three African countries due to poor performance by these companies
The countries according to Philip Ikeazor, Managing Director/Chief Executive Officer of the bank, are Uganda, Liberia and Sierra-Leone, reports The Nation.
He said the divestment would enhance the bank’s financial standing and return it to profitability.
He noted that the bank can no longer support the poor performance recorded by the African subsidiaries.
The bank is one of the bridge bank acquired by the Asset Management Corporation of Nigeria (AMCON),
Read more at The Nation.
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