KCB Bank in Yei considering shutdown

KCB bank has threatened to shut down its financial services in Yei River County over insecurity in the region, a company official told Radio Tamazuj.

KCB bank has threatened to shut down its financial services in Yei River County over insecurity in the region, a company official told Radio Tamazuj.

Since fighting in July, the Yei region has experienced significant instability and fighting between government and opposition forces. 

Jacob Mabior, the acting manager for the Yei branch, says many of its workers and clients have fled the region over insecurity.

There are only five workers at the bank, and it is experiencing high rent and operating costs.

In response, KCB employees must return to work in ten days, Minister of Information Stephen Ladu told reporters, saying they would lose their job if they failed to return.

“All commercial banks and financial institutions operating in Yei River state to resume their full operations as usual immediately,” Ladu said.