Barclay’s Bank has announced plans to shut down seven branches across the country, starting in October, in what it says is a move to cut down on costs.
Through a communique to its staff on Monday, July 3, Managing Director Jeremy Awori however said 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 sought to clarify.
Branches that will be affected include five in Nairobi, one in Meru and another one in Wundayi.
The Haile Selassie branch will be consolidated with the one on Harambee Avenue, Moi Avenue with Queensway House, Waiyaki Way with Westlands, Kawangware with Lavington and Rahimtullah with Bunyala.
The move will also see the branch at Nakumatt Meru merging with another branch in the town and the one in Wundayi to Voi.
Awori went on to add that 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.
Awori also noted that the lender is 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,” he noted.
Last year, Awori said that there were no local, regional or group level plans to shut down Barclays Bank of Kenya. He was responding to reports that that the institution will exit Africa.
This is after Barclays PLC chief executive Jes Staley said the bank had decided to leave Africa after an article by the Financial Times said the same.
The review was necessitated after South African President Jacob Zuma decided to change his finance minister at a time when the economy was under severe stress.
FT had reported that Barclays board had appointed to decide on how best to sell Barclays Africa including timelines.