Point News247 reports that Standard Chartered Bank has confirmed the closure of 50 percent of its Nigerian branches.
The bank however assured that none of its staff in Nigeria will be affected in the process.
It was earlier reported that Standard Chartered Bank may drop 13 out of its 25 branches and focus more on digital banking.
The bank, in a statement by its head of corporate affairs, brand and marketing, on Wednesday, said it has 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.
The bank explained that the branch closures were part of the digitisation journey to optimise processes, operating channels, products and service solutions to suit the demands of clients.
“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.”