KCB to lay off staff in cost cutting drive

A KCB banking hall in Juba. The bank says it is restructuring to cut costs. FILE PHOTO | NMG

KCB Group #ticker:KCB is set for another round of layoffs in an early retirement scheme for its employees intended to save Sh2 billion per annum in staff costs.

The bank, which is Kenya's largest by assets, attributed the move to impact of the recent interest rates capping and technology changes in the industry.

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