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KCB staff count drops by 223 in cost-cutting drive
KCB banking hall in Juba. The bank, in a statement Friday, said it has been reviewing its operations over two years in order to “improve efficiency”. FILE PHOTO | NMG
KCB Group #ticker:KCB last year spent Sh186 million to pay staff affected by a restructuring of the company in a period when the bank’s employee count dropped by 223 people, its latest annual report shows.
The bank, the country’s largest lender by assets, closed 2016 with 7,192 employees compared to 7,415 the previous year as restructuring costs shot up by Sh145 million from the previous year’s Sh41 million.
