Barclays seeks to net Sh65m from sale of branch property

Barclays CEO Jeremy Awori. FILE PHOTO | NMG

Barclays Bank of Kenya #ticker:BBK is eyeing Sh65 million from sale of assets from the lender's three closed branches, which it hopes to make by this year.

Information contained in the annual report for the period ended December 2018 shows that property and equipment from the closed branches — Bamburi, Maragua and Supplies — are now up for sale, resonating with the lender’s strategy of deepening digital channels to complement its branch network.

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