Barclay's Bank has announced the closure of seven branches across the country, effective October, in a move to save costs.
In an email to staff on Monday, Managing Director Jeremy Awori noted employees will not be affected.
“This is a consolidation move aimed at aligning our business to the current environment. No staff will be sacked,” he said.
The branches that have been closed are five in Nairobi, one in Meru and another in Wundayi.
The Haile Selassie branch will be consolidated with the one on Harambee Avenue, Moi Avenue with Queensway House, Waiyaki Way with Westands, Kawangware with Lavington and Rahimtullah with Bunyala.
The branch at Nakumatt Meru will move to another branch in the town and the one in Wundayi to Voi.
Awori said workers will be redeployed based on available opportunities and skills.
"We have briefed impacted colleagues. HR will help them make a smooth transition as the changes take effect," he said.
The MD added they are in talks with customers whose accounts are domiciled in the past one year in order to redirect them.
"Customers will have the freedom to choose any branch for their accounts to be hosted."
In 2016, Awuori said there were no local, regional or group level plans to shut down Barclays Bank of Kenya.This was after reports that the institution will exit Africa.
He was responding to a decision by Barclays PLC chief executive Jes Staley to leave Africa as reported by the Financial Times.
The review came after South African President Jacob Zuma decided to change his finance minister at a time when the economy is under severe stress.
The board appointed a subcommittee to study how and when to sell Barclays Africa, the Financial Times said.
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