NCBA shuts down 14 branches in post-merger consolidation

NCBA bank has closed 14 of its branches in a post-merger exercise to consolidate its operations following its birth in 2019.

The birth, arising out of a merger between the Commercial Bank of Africa (CBA) and NIC bank prompted the consolidation of brick and mortar operations as some of the new bank branches fell in close proximity.

The plan to close down the branches will be implemented on July 4 and has the stamp of approval from the Central Bank of Kenya (CBK) with seven of the affected branches having already been temporarily closed since April 1 as a result of effects of the Covid-19 pandemic.

“The proposed actions will enable NCBA to accelerate the realization of merger synergies, create operational efficiencies and enhance service delivery. NCBA has selected branches in locations where they are co-located or in close proximity to each other. The branches will be merged with the impacted branches ceasing operations with effect from the close of business on July 4,” read part of the NCBA statement issued Thursday.

Among the branches to be merged are located at the Village Market Mall, Settlers Store branch in Nanyuki and Mbolu Malo road in Machakos.

Other affected branches are located on Harbour House (Mombasa), Thika Arcade, CPA Center (Thika Road), KMA Centre (Upper Hill), Hilton-Hotel, Watatu Developments (Diani), Galleria Mall, Zion Mall, Union Place (Meru), Airport centre (Changamwe) and the Thika Road Mall (TRM).