Barclays Bank of Kenya, the country’s fifth largest lender by market share, plans to increase its agency banking networks to rope in customers outside main urban areas. “Our plan is to increase the number of service outlets to at least 6,000 outlets by 2019,” Barclays Bank of Kenya managing director Jeremy Awori said in Nairobi. Barclays Bank’s latest annual report shows that staff costs, however, rose by 4.99 per cent to Sh9.77 billion in 2016 compared to Sh9.3 billion 12 months earlier. The South African-based bank controls shares in 12 African countries, including 68.5 per cent of Barclays Bank of Kenya. Barclays Kenya has severally reassured customers the exit of Barclays PLC from Africa will not affect its operations in the country.

Source: The Star May 01, 2017 21:22 UTC