Ecobank Nigeria has shut 74 of its branches as part of its agenda to shift its banking activities to digital channels.
The merger takes Ecobank’s branch network across the country to 405. Ecobank Nigeria managing director Charles Kie said that the move supports the bank’s financial inclusion strategy and the cashless policy of the Central Bank of Nigeria.
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“After a detailed analysis of the physical network of branches needed to serve our customers, the decision was made by the Ecobank Nigeria board, and approved by the Central Bank of Nigeria, to optimise 74 out of its 479 branches,” Kie said.
The bank said that it would move affected employees to other ongoing projects.
“We are deploying staff and other resources from the merged branches to other ongoing projects, while also strengthening the existing branches to make them more resourceful and up to speed in their daily activities,” Kie noted.
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