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KCB parts with 709 employees as staff costs hit Sh19 billion

KCB Group Chief Executive Officer Joshua Oigara

NAIROBI, KENYA: Kenya Commercial Bank (KCB) trimmed its workforce by 709 in 12 months to December last year even as it announced a restructuring exercise to cut on costs.

Details contained in the latest investor presentation covering the financial year ended December 31, 2017 shows that the group now has 6,483 staffs. As at December 2016, employee head count was 7,192.

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