KCB Bank in Yei considering shutdown

[Elisabeth Janaina]

KCB Bank in Yei considering shutdown
YEI (13 Oct.)

KCB bank has threatened to shut down its financial services in Yei
River County over insecurity in the region, a company official told
Radio Tamazuj.

Since fighting in July, the Yei region has experienced significant
instability and fighting between government and opposition forces.

Jacob Mabior, the acting manager for the Yei branch, says many of its
workers and clients have fled the region over insecurity.

There are only five workers at the bank, and it is experiencing high
rent and operating costs.

In response, KCB employees must return to work in ten days, Minister
of Information Stephen Ladu told reporters, saying they would lose
their job if they failed to return.

“All commercial banks and financial institutions operating in Yei
River state to resume their full operations as usual immediately,”
Ladu said.

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