Keystone Bank (Gambia) Limited has been renamed again from Bank PHB to Keystone to now Mega Bank (Gambia) Limited following Central Bank of the Gambia’s takeover last year.
It would be recalled that on 5 May 2014, the Central Bank of The Gambia took over Keystone Bank limited together with another bank to safeguard the financial system and the economy in general. The CBG restored proficient exertive management and control systems at Keystone Bank, and ensured that the bank operates in a safe and sound manner. In relation to that, a new Board of Directors was appointed who approved and adopted the name change of Keystone Bank to Mega Bank which is being formally unveiled today.
The Managing Director, Mrs Mbosse Ndiaye, said: “MegaBank will remain a full service commercial bank focusing on our primary objective of delivering reliable and convenient banking services to you, our valued customers.”She also said that Keystone Bank branded transaction documents, including cheque books, deposit slips, promissory notes and documents evidencing obligations on the part of the bank shall be allowed a transition period to be phased out and exhausted.
MegaBank is out to set the pace for optimal banking services in the country, is well placed than ever before in serving the Gambian public as well as in giving a strong helping hand to taking the economy and development of The Gambia to higher heights. The strategy of Mega Bank Limited is to work together and grow with its customers as they would do everything possible to ensure customers of the bank grow and develop in their business activities and personal savings and investments.
Some of the products and services rendered by the bank’s over 120 staff members across its five main branches in the country are: Current Account, Savings Account, Credit/Trade Finance, Overdrafts, Term Loans, Cheque/Invoice discounting, Import finance, LPO/contract financing, Issuance of guarantees, Issuance of bonds, Letters of credit, Bills for collection. The bank’s E-Products/Services include ATM cards, SMS Alert, Internet Banking, RIA, and Western Union.