Thursday, September 19, 2019
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Barclays Closes Down Seven Branches In Kenya

Barclays Bank of Kenya on Monday said it will on October 1 relocate seven branches across the country in a move to save cost. The lender however said the closure will not affect staff.

“This is a consolidation move aimed at aligning our business to the current environment,” said Barclays.

“No staff will be sent home in the move,” he added.

In a statement to The Standard last month, the lender said it was rolling out a Voluntary Exit Scheme that is open to all permanent employees. “This exercise will take place over a period of one month commencing June 19, this year and around 130 employees are expected to take up the offer.”

The Standard

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