Stan Chart to shut down branches in four towns

Standard Chartered Bank will close its branches in Bungoma, Kisii and Kitengela next month as it pushes online and mobile banking and cut costs. Also affected by what the bank said was a branch rationalisation programme is the Warwick Branch in Gigiri, which will also be shut down.

In a statement on Monday, the bank said accounts of affected customers would be moved to the nearest branches. The bank, however, did not elaborate on the fate of employees stationed at the branches earmarked for closure.