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Equity Bank suspends Yei branch operations

Author : Joakino Francis | Published: Wednesday, November 2, 2016

Equity Bank has closed its branch in Yei temporarily due to a low business in Yei River State, which it says made it failed to generate profits.

The Managing Director of the bank, Paul Gitau, told Eye Radio that the branch has not been able to generate its operational cost for the last 3 months.

Mr Gitau says the population in Yei town is now low because people are fleeing the area.

“Business is very low because the population within the town is quite low and so we found the unit is not commercially viable to continue running,” he told Eye Radio.

He added that their staff will be affected by the decision.

 

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