Barclays to shoulder costs of rebranding

A man walks past the Barclays bank market branch along Muindi Mbingu Street in Kenya's capital Nairobi. [REUTERS]

Barclays Bank of Kenya expects a significant expense in rebranding to Absa and will ring-fence the one-off cost to guard shareholder returns.

Chief Financial Officer Yusuf Omari said the separation cost, which would include branding of property, signage and systems changes, would be handled separately and will have no impact on dividends.