While most banks have been sending their staff parking, Kenya’s third leading bank Cooperative Bank has embarked on hiring more staff.
According to the Bank’s Chief Executive Officer (CEO) Gideon Muriuki, the move was necessitated by the bank opening many outlets.
“We are still opening carefully-selected physical outlets as we believe there is no one single channel that will displace all others, rather, it’s the investment in an optimal and balanced multichannel strategy,” he said.
The staff uptake has risen the number to 4,514 from 3,743 at the beginning of 2017.
The rapid increase in staff numbers has streamlined opening of new branches with its newest being; Maralal, Chogoria, Nairobi, Kapenguria.
Consecutively, the staff uptake at Cooperative Bank rose its expenditure on salaries to Sh3.48 billion during the quarter one (Q1) of 2020.
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