Keystone bank is a Nigerian commercial bank licensed by the Central Bank of Nigeria (CBN) to render global financial services. The bank came into existence in 2011 after a successful merging with former BankPHB.
Keystone currently has over 3 million customer base and over 154 branches spread across Nigeria. It also has two (2) International Subsidiaries and one local Insurance Company handed down from it former bank. The subsidiaries are Keystone bank, Global bank Liberia, KBL Insurance and Sierra Leone respectively.
A brief historical insight into Keystone bank reveals that the bank was founded as Habib Bank Nigeria Limited in 1981.
In 2001, Platinum bank came into being and over time, there was a successful merger between Habib and Platinum banks in 2005.
Since then, Keystone bank has evolved to become one of the big banks in Nigeria after a 5-man transitional board comprising 2 members of immediate past board as Executive Directors was set up to maintain continuity and stability in the financial institution.
The appointment of a substantive MD/CEO in August 2017 marked the beginning of a historical landmark of Keystone bank as an efficient, reliable global bank in Nigeria.
Keystone bank is a friendly bank, that has since its emergence maintained a pace and responding to the dynamic needs of its customers, investors, employees, host communities and other stakeholders in line with the contemporary global financial services.
The staff of the bank will attest to this fact as they are well paid for their services, one of the salient reasons why its staff work for longer period of time without unnecessary complaints of poor remuneration or moving to other sister banks in the country.
In this article, we shall bring you the salary structures of Keystone bank ranging from graduate trainees to senior management positions, the employment opportunities and of course factors that determine the Bank Salary Structures for their over a thousand payrolls in Nigeria.
We begin by defining a banker as a person who renders financial banking services in a bank.
Basically, there are two types of bank staff namely – a Contract Staff banker and Core Staff banker who is permanent or a regular banker.
- Contract staff:These are staff who are not permanent with the bank. They can only be permanent or absorbed fully into a particular bank after they have fulfilled certain terms of Contract.
- Core staff:On the other hand, core staff are those that are employed by the bank. They are permanent and earn even higher than the contract staff. Their contract with the bank can only be cut short where cases of fraud or financial mismanagement have been discovered.
Salary Structures of Keystone Bank 2023
Like every other bank in Nigeria, Keystone bank is a good place to work as they pay their staff handsomely well. Below are various positions ranging from Graduate trainees to Senior management positions of Keystone Bank and their monthly salaries:
Graduate Trainees: Receive from between N40,000 to N50,000 monthly. These are young, vibrant graduates from the Nigerian Universities and Polytechnics employed to undergo training for a period of 4 -6 months to get acquainted with the banking skills before they are fully integrated into the banking system.
Entry Level Staff: These are Keystone bank employees who have been well trained from graduate trainee level and given the responsibilities to handle financial services. They earn between N107,000 – N120,000 monthly. The bank also gives them bonuses and allowances which are not stated here.
Loan Officers: Are given weight of responsibilities than the entry level officers. They earn as much as N300,000 – N450,000 monthly. These categories of workers have long years of experience, the right academic and professional qualifications to assume this position with Keystone bank.
Credit Analysts: Are saddled with greater banking responsibilities with Keystone bank. To have this position, the person must be mentally alert, academically sound with long years of experience. They earn between N450,000 – N500,000 monthly.
Branch Managers: The branch managers with Keystone bank are the senior management positions, saddled with the day to day running of the various bank branches. They are the highest paid staff of the bank with a monthly pay of about N700,000 amounting to about N8 million yearly. They also enjoy watering bonuses and allowances with the bank.
In summary, Keystone bank remains one of the top Nigerian best, efficient, reliable and giant banks that render global financial services where its staff are well paid and jobs secured. No doubt, job seekers in the categories of graduate trainees and those who have the intention to move from other sister banks in Nigeria will find the information provided here very useful and rewarding.