Barclays Bank branch along Mama Ngina Street in Nairobi. [Photo/the-star.co.ke]
Barclays Bank has announced that from October 1, it will close down seven branches across the country, a move aimed at cutting costs.
The lender yesterday alerted customers that at least four of the seven branches set for closure, as announced in July, will be consolidated with other branches.
Among them are Haile Selassie branch which will be consolidated with one on Harambee Avenue, Moi Avenue with Queensway House, Waiyaki Way with Westlands and Nakumatt Meru branch to another branch in Meru town.
The bank is also set to consolidate its Wundanyi branch to Voi, Kawangware to Lavington and Rahimtullah to Bunyala.
"You can also do your banking via mobile and online banking platform at any Post Office country wide," part of the message sent to customers read.
The bank posted a 13.5 percent drop in net profit during the first six months of this year to sh3.5 billion from sh4.09 billion last year.
This, the bank said, was on the back of a challenging economic environment and effects of the law capping interest rates