KCB sheds 362 jobs in voluntary early exit

KCB Group CEO Paul Russo

KCB Group CEO Paul Russo makes his remarks during the release of the lender’s half-year results to June 2024 on August 21, 2024. 

Photo credit: Francis Nderitu | Nation Media Group

KCB Group saw 362 of its staff take up its offer of voluntary early retirement last year after the bank opened up the scheme at the request of its employees.

The bulk of the voluntary exits were in the Kenyan operations where 211 staff took up the offer, including 100 employees of the subsidiary National Bank of Kenya (NBK).

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Note: The results are not exact but very close to the actual.