Sunday, May 29, 2022
Smart Investor
No Result
View All Result
  • Home
  • Corporate
  • Energy
  • News
  • Policy and Politics
  • Technology
  • World
  • Smart Giver
  • Home
  • Corporate
  • Energy
  • News
  • Policy and Politics
  • Technology
  • World
  • Smart Giver
No Result
View All Result
Smart Investor
No Result
View All Result
Home Corporate

NCBA shuts 14 branches as COVID-19 dents business

Nine branches were previously owned by NIC bank while five belonged to CBA before the two lenders merged.

by Conrad Obiero
June 4, 2020
in Corporate
1 min read
59 4
NCBA Shuts 14 branches, Diani branch at Watatu Development  is among the affected.

NCBA Shuts 14 branches, Diani branch at Watatu Development is among the affected.

67
SHARES
203
VIEWS
Share on FacebookShare on Twitter

NCBA Group Thursday closed fourteen branches across the country due to Covid-19, which continue to hurt business activities across the globe.

Nine branches were previously owned by NIC bank while five belonged to CBA before the two lenders merged.

In a public notice, the lender said Central bank of Kenya had given it green light to shut down the branches, seven of which had be closed temporarily since April 1, 2020.

Similar Stories You May Like

MYWO: Elect women leaders to address poverty and social vices in North Eastern region.

TikTok, CAF celebrates football talents with a fun Africa Day Challenge

NBA Africa and KFC Africa Announce Marketing Partnership

NCBA Group Managing Director, John Gachora said the proposed actions will enable the bank accelerate merger synergies, create operational efficiencies and enhance  service delivery.

“NCBA has selected branches in locations where they are co-located or in close proximity to each other. The branches will be merged with the impacted branches ceasing operations with effect from close of business July 4, 2020,”said Gachora.

“Our intention is to merge operations into one branch per site while ceasing operations in the other.”

The lender had plans to open 15 new branches across the country as part of  efforts to increase its national footprint.

In Nairobi the affected branches are Village Market Mall (Ex-NIC), KMA Center, Upperhill (Ex-NIC), Hilton Agency along watalii street( Ex-CBA) and Galleria Mall (Ex-NIC).

In Mombasa, the bank will close Harbour house, Moi Avenue (Ex-NIC) and Changamwe Airport Center (Ex-NIC).

Thika town customers will not get services at Thika Arcade (Ex-NIC), CPA center (Ex-NIC) and Thika Road Mall (Ex-CBA)along Thika Super highway.

Others are Mbolu Malo road)Ex-NIC) in Machakos, Settlers Stores building(Ex-CBA) in Nanyuki, Watatu development limited (Ex-CBA)in Diani, Zion Mall(Ex-NIC) in Eldoret and Union Place in Meru(Ex-CBA).

“We encourage customers to use alternative banking channels including digital and online,” said the lender.

Staff members from affected branches will be redeployed to other branches or business units within the bank.

 

Share27Tweet17SendShare5ShareSend
Previous Post

Gavi gives Kenya Sh 56 Billion to battle virus

Next Post

KCB Group shareholders to get Sh. 11b dividend payout in tough year

Related Posts

NBA Africa and KFC Africa Announce Marketing Partnership

May 19, 2022

Mizizi Africa Homes: Entrench affordable housing as a Vision 2030 flagship project

May 13, 2022

Bamburi Cement full-year net profit hits KES 2.2 billion

May 4, 2022

Absa Life Assurance Kenya net profit surges 84% to KES 245 million

May 4, 2022
Next Post

KCB Group shareholders to get Sh. 11b dividend payout in tough year

Emirates Resumes Cargo Flights to Eldoret Airport

ADVERTISEMENT

GET UPDATED ON TWITTER

MOST READ STORIES

NEAR launches regional hub in Kenya to lead blockchain innovation and talent development in Africa

May 13, 2022

Mizizi Africa Homes: Entrench affordable housing as a Vision 2030 flagship project

May 13, 2022
From Left: LBank Chief Executive Officer, Allen Wei and Adanian Lab Chief executive and Co-Founder, John Kamara, during a live panel discussion to demystify Blockchain and Crypto technology in Africa

LBank, Adanian Labs partner to nature next generation of crypto-block chain developers

May 7, 2022

Bamburi Cement full-year net profit hits KES 2.2 billion

May 4, 2022

FIND A STORY

No Result
View All Result

TOP STORIES

Nairobi West Hospital Eyes Medical Evacuations with new Helipad

November 24, 2021

Fly 748 to showcase affordable flight rates for domestic routes at the Sarit Getaway tourism fair

October 29, 2021

Long TikTok videos: Here are more ways to create, connect and be entertained

October 25, 2021

CORPORATE

NBA Africa and KFC Africa Announce Marketing Partnership

May 19, 2022

Mizizi Africa Homes: Entrench affordable housing as a Vision 2030 flagship project

May 13, 2022

Bamburi Cement full-year net profit hits KES 2.2 billion

May 4, 2022

WORLD

From Left: Chinedu Okeke named MD, Universal Music Nigeria, Elouise Kelly appointed COO, Universal Music South Africa and Sub-Saharan Africa and Sipho Dlamini promoted to CEO, Universal Music South Africa and Sub-Saharan Africa

Universal Music Group announces Strategic Leadership Appointments within Africa

January 7, 2021

Kenya Rugby welcomes high performance consultant, Peter Harding

December 10, 2020

EABC: Harmonize and Reduce Charges at Rusumo One-Stop Border Post to Facilitate intra-EAC trade

December 3, 2020

© 2021 Smart Investor | Site by Michael

  • Get in Touch
  • Home
  • Privacy Policy
No Result
View All Result
  • Home
  • Corporate
  • Energy
  • News
  • Policy and Politics
  • Technology
  • World
  • Smart Giver

© 2021 Smart Investor | Site by Michael

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.