×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Read on the App

Kenya Bankers Association says 2083 bankers fired in 2017

Family Bank Managing Director David Thuku (PHOTO: FILE)

NAIROBI, KENYA; Family Bank has laid off 150 employees putting the figure of total bankers sent home this year to 2083.

The institution said the decision was prompted by need to align its business to the current operating environment. This is mainly due to the depressed economic performance in the first full year under the interest rate cap regime.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in