Nigeria’s Keystone Bank to Sell Units in Three African Countries
This article is for subscribers only.
Keystone Bank Ltd., one of three Nigerian lenders nationalized in 1999, plans to sell African units as it seeks a return to profitability.
The bank is divesting businesses in Uganda, Sierra Leone and Liberia because of the bad loans on their books, Philip Ikeazor, chief executive officer of the Lagos-based bank, told reporters today in the city, Nigeria’s commercial capital.