| Published Tue, April 17th 2018 at 09:24, Updated April 17th 2018 at 09:30 GMT +3Central Bank of Kenya Headquarters in Nairobi (PHOTO: FILE)NAIROBI, KENYA: About 93 new bank branches were opened last year despite massive layoffs, migration to mobile-based technology and a shift to agency models, a new survey shows. According to the Cytonn Investments 2017 Banking Sector Report, this year alone, National Bank has opened two new branches in Nandi Hills and in Kitale as it targets the expanding agribusiness sector. Text the word 'NEWS' to 22840Cytonn said, for instance, that the number of struggling Family Bank’s employees who left remains unspecified. Banks had 28,009 employees on their books as at August 2016, but the wave of layoffs left 26,076 employees as at June 2017. According to Cytonn, Equity Bank lost the highest number of staff, 400, followed by Barclays Bank of Kenya at 301 and Standard Chartered at 300.

Source: Standard Digital April 17, 2018 06:22 UTC