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Barclays Kenya to close down seven branches from October

Barclays Bank Moi Avenue in Nairobi is among the seven branches that will be closed. FILE PHOTO | NMG
Barclays Bank Moi Avenue branch in Nairobi is among the seven branches that will be closed. FILE PHOTO | NMG 

Barclays Bank of Kenya (BBK) #ticker:BBK will close seven of its branches beginning October 1, putting at risk hundreds of jobs in the targeted units.

Operations of the affected branches will be relocated to nearby units, the bank said as it confirmed that the closures are the result of a restructuring plan that has become necessary with the current market realities.

“Colleagues working in these branches will be redeployed based on available opportunities and matching competency skills,” Barclays said in a memo to staff seen by the Business Daily, adding that it had informed those affected by the changes.

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

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