Barclays Bank Kenya has announced that it will be closing seven branches in the country as a continued plan to optimize its operations. The multinational financial institution said that five branches in Nairobi, one in Meru and another in Voi will stop operations from October 1st.
This will see Barclays branches reduce to 95 in the country, in a move the bank says will help cut down costs and deliver services more effectively.
In a press statement to the media, Barclays Bank Kenya Chief Executive Officer Jeremy Awaori assured that the bank will continue to invest in alternative service delivery. “We will be investing significantly in the merged outlets so that our customers can enjoy an even better experience banking with us,” Awori said.
The CEO further said that employees from the affected branches will not be laid off and will be redeployed to different branches across the Country, based on availability, meaning some staffs are likely to lose their jobs.
“Colleagues working in these branches will be redeployed based on available opportunities and matching competency skills,” Awori said.
Last month, the bank quietly initiated a voluntary exit scheme last with an aim of scaling down its workforce.