16 January 2014

Kenya: KCB Says Will Not Shut South Sudan Operations

KENYA Commercial Bank, which controls 50 per cent of the South Sudan market has said it will not stop operations in the country currently rocked by a stand-off between the government and rebels. The bank said 19 out 22 of its branches are open. It said branches in Bor, Bentiu and Malakal will however remain closed.

"KCB Bank South Sudan has assured its customers, investors, and the international community that it will continue with its operations in South Sudan," a statement issued by the bank said.

It added that customers with dollar accounts can withdraw money across the counter in Kenya and in any of the other subsidiaries in Tanzania, South Sudan, Uganda, Rwanda and Burundi. A majority of Kenyans living in South Sudan have been evacuated by the government. Other Kenyan banks with operations in the country are Equity and Co-operative Bank.

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