Tuesday, 10 May 2016

FCMB CLOSES BRANCH, SACKS STAFFS

First City Monument Bank Limited (FCMB) recently started closing down some of its branches and reportedly sacked staff of those branches.
It was gatheredı that the branches affected were those formerly owned by Finbank, which was acquired by the bank.

It was gathered that the management of the bank resolved to rationalize some redundant and unviable branches of the acquired bank, especially where there were two or three branches in the same area because of the current state of the economy.
Sources said while some staff members of those branches were seconded to other branches, majority were relieved of their duties. It was also gathered that many of those who got the sack were those with issues.

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