The Sun News
Lotto advert

Ecobank shuts 74 branches

Ecobank Nigeria, a subsidiary of the Ecobank group, says it has merged 74 of its branches.

The bank says it would deploy staff from the merged branches to other projects.

A statement by the bank reaffirmed its committment to digital transformation, which would enable customers carry out banking activities online, thereby reducing the need to visit physical locations.

Managing Director of the  bank, Charles Kie, said the bank hopes to shift its activities to digital channels and improve customers’ experience at reduced cost.

This, he said, also supports the bank’s financial inclusion strategy and the cashless policy of the Central Bank of Nigeria.

Kie said the bank has enhanced its retail internet banking platform with the Ecobank mobile app that enables customers to do instant payments; open accounts, as well as do instant transfers across 33 countries in Africa.

“After a detailed analysis of the physical network of branches needed to serve our customers, the decision was made by the Ecobank Nigeria board, and approved by the Central Bank of Nigeria, to optimise 74 out of its 479 branches,” Kie said.

The statement failed to touch on Thursday’s reports that the bank had terminated the appointment of about 50 top personnel staff.

“We are deploying staff and other resources from the merged branches to other ongoing projects, while also strengthening the existing branches to make them more resourceful and up to speed in their daily activities,” he added.

Share

About author

Leave a reply

Your email address will not be published. Required fields are marked *

Archive

August 2017
M T W T F S S
« Jul    
 123456
78910111213
14151617181920
21222324252627
28293031  

Enquiries

Take advantage of our impressive statistics, advertise your brands and products on this site. Call Uche on +234-805-633-4351
Editor, Online: Ikenna Emewu
Share