Barclays Bank of Kenya has issued a statement to its customers that its Kenyan operations will not be affected by the planned Africa exit of UK-based holding company Barclays PLC.
On a press conference, The Bank’s MD Jeremy Awori, Managing Director said that its operations will not be affected despite the announcement that its majority shareholder Barclays PLC plans to exit Africa.
“The first and most important is that Barclays Bank of Kenya is not shutting down. I reiterate Barclays Bank of Kenya is not shutting down,” Awori said
He added, “Secondly your accounts are and continue to be safe and are not impacted in any way by these speculations. I assure you that your money is safe with us and you should not be concerned about the operation of your account. We remain, as always, at your service,”
Barclays PLC’s plan to offload its 62.3 per cent stake in Barclays Africa, which in-turn has a controlling stake in Barclays Kenya, has raised confusion and fears of a possible run on the bank’s deposits.
Barclays Africa Group Limited is the majority (in some cases sole) shareholder of the Barclays Africa Group Limited (BAGL) operations in South Africa, Kenya, Botswana, Ghana, Zambia, Mauritius, Mozambique, Seychelles, Uganda and Tanzania
