Standard Chartered Closes 50% of Nigerian Branches

(Last Updated On: 2022-01-13)


United Kingdom-based banking group, Standard Chartered Bank, stated that it will close 50 per cent of its Nigerian branches and focus more on digital banking.

This was disclosed in a statement made available to newsmen.

Dayo Aderugbo, head, corporate affairs, brand and marketing, Standard Chartered Bank Nigeria Limited, assured employees that there would be no job losses.

“We have continued to retrain and redeploy staff who are impacted by the closure of the branches in Lagos and Abuja. This closure will not impact any staff in 2022,” the statement reads.

“Our digital banking proposition is designed to enhance the experience of our customers who are progressively exploring and demanding simpler, faster, efficient, and more convenient ways of banking at the touch of a button from the convenience of the mobile devices,” the statement adds.

“The closures are also driven in response to changes in customer transaction behaviour.

“We have also witnessed significant adoption of our digital banking services by customers as most of them continue to prioritise convenient banking over the need to visit any of our physical locations to access our products and services.

“The bank prides itself in a forward-looking people strategy where we proactively plan our workforce needs to fulfil our business strategy.”



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