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Barclays Kenya to close seven branches

Monday July 03 2017
Barclays Bank PIX

The withdrawal decision was largely informed by the wobbly state of the South African subsidiary. PHOTO | FILE

Barclays Bank of Kenya has announced plans to close seven of its branches in a review of its business operations.

The affected branches include five in Nairobi and two in Meru and Wundanyi at the Coast respectively.

Those branches to be shut are Moi Avenue, Haile Selassie, Waiyaki Way, Kawangware, Rahimtulla, Nakumatt Meru and Wundanyi branches.

Competency skills

“Colleagues working in these branches will be redeployed based on available opportunities and matching competency skills,” said the lender in a memo to staff.

“We have briefed the impacted colleagues and HR will help them make a smooth transition as the changes take effect.”

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Last month, the lender began implementing a voluntary early retirement scheme which it said would affect 130 of its staff.

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