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BANK CONSOLIDATION: Why branches are being closed

A cross-section of financial institutions now report that new digital platforms upon which they are anchoring their services are returning significant cost reductions. Moses Rutahigwa, says utilization of their banking space by retail and wholesale customers is now at a meagre 14%, with the rest making use of online platforms. He says this in part is the motivation behind the closure of 3 premier branches Acacia Mall, Garden City and Jinja City within the next 4 weeks. #NTVNews #NTVTonight #NTVWeekendEdition Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Connect with us on Messenger via m.me/NTVUganda

—— AUTO – GENERATED; Published (Halifax Canada Time AST) on: September 23, 2020 at 04:09PM

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