This archive report was first published on 5 June 2020.
Published on June 5, 2020, NCBA Bank has announced that it will close 14 branches following approvals from the Central Bank of Kenya. The decision is part of the bank's efforts to realize merger synergies, create operational efficiencies, and enhance service delivery.
The branches to be closed are former CBA & NIC branches located in areas where they are co-located or in close proximity to each other. The impacted branches will cease operations with effect from July 4, 2020.
NCBA Bank is a result of the merger between NIC Bank and CBA, which was approved by the Central Bank of Kenya. The bank has subsidiary companies in Kenya, Uganda, Tanzania, Rwanda, and the Ivory Coast.
NCBA has been working to integrate its operations and improve service delivery. The bank's net earnings have increased to KSh 1.6 billion, and the merger with CBA has created a strong banking entity in the region.
Related articles:
