FEATURED ARTICLE

StanChart Temporarily Shuts Down 8 Branches

Share
Standard Chartered Bank headquarters in London, United Kingdom. The bank has closed eight of its branches temporarily to help curb the spread of Coronavirus in the country.
Share

Standard Chartered Bank Kenya will temporarily close eight of its branches effective Friday May 1 to help curb the spread of Coronavirus, the lender said on Tuesday.

In a notice published in local dailies, the Tier 1 lender said the eight branches will be closed for three months and staff working in those branches will be reassigned to support other branches or business units.

The branches which have been closed include Koinange Branch, Ruaraka/Garden City Branch, T-Mall Branch, Two Rivers Mall Branch, Upperhill Branch, JKIA Branch and Maritime Branch all in Nairobi.

Customers who frequent these branches have been advised to transact at the Kenyatta Avenue Branch, Moi Avenue Branch, Thika Road Mall& Muthaiga Branch, Galleria Mall Branch and Yaya Centre Branch, Muthaiga Branch, Yaya Centre Branch, Industrialisation Area/ Sameer Park Branch and the Treasury Square Branch respectively.

“There will be no interruption to your banking as we have branches within proximity as well as our robust online and mobile platforms allowing you to bank anytime, anywhere 24 hours a day,” the lender said in the notice.

StanChart prides itself on being highly digital and a trend setter in innovation.

During the release of the 2019 results, Chief Executive Kariuki Ngari said that 85 percent of the bank’s transactions were digital.

The Standard Chartered mobile app offers about 70 services ranging from home/motor insurance, Forex transactions as well as treasury bill and bonds trading.

Stanchart however is the first bank in the country to shut down some branches as Coronavirus continues to impact negatively on businesses.

Retailing chain Tuskys on April 20 also announced the closure of three branches in Nairobi, Mombasa and Kitale under the guise that it wanted to consolidate its business and to make service delivery “more efficient”

See Also>>> Pay Cut Avoidance Strategy Crafted by Mediamax Journalists Hits the Wall

Leave a comment

Leave a Reply

Your email address will not be published.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

PAST ARTICLES AND INSIGHTS

Related Articles
Standard Chartered Nairobi Marathon
NEWS

Standard Chartered Nairobi Marathon 2026 Opens Registration As Race Categories Expected To Fill Earlier

Registration for the 23rd edition of the Standard Chartered Nairobi Marathon (SCNM)...

CBK headquarters in Nairobi
BUSINESSNEWSSTOCKS

Central Bank of Kenya Seeking KSh 40Bn for Budgetary Support in June

Central Bank of Kenya(CBK) has floated re-opened 15 and 25-year papers, seeking...

Sasini Plc net loss widens in H1 2026
BUSINESSFEATURED ARTICLENEWSSTOCKS

Sasini Plc H1 Net Loss Widens to KSh170.8 Million

Sasini Plc, a listed agricultural firm engaged in the growing and processing...

Express Kenya
BUSINESSMARKETSNEWSSTOCKS

Express Kenya Seeks KSh 250Mn in Rights Issue

Express Kenya Plc, a listed logistics firm, has filed a cautionary notice...