Union Bank of Nigeria has reportedly commenced the restructuring of its branch network to offer better services to its clients nationwide.
The bank’s branch networks across the country would rise to a total of 435 from the 338 presently, at the end of the ongoing exercise, thisdaylive.com reported.
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Union Bank head of corporate affairs Ogochukwu Ekezie-Ekaidem told the publication that the management of the bank took a look at all its branches and discovered that some of them are presently located in areas where there are very low activities and needed to be closed down.
"Some of the branches need to be closed down because they are no longer relevant and some of them obviously need to be upgraded and there is a lot of upgrading work going on presently.
"Some of our branches are huge and have a lot of space and a times we wonder why we need all the space. So we are redefining our branches into different categories," she was further quoted as saying.
She listed the different categories to include commercial, commercial hub, retail and rural.
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By GlobalData"So, we are trying to re-categorise these branches so that they can be more profitable and are in the right locations, serving the right customers," she added.
