National Wire About Nigerians, Nigerian Business and Other Stories
As part of its re-engineering drive to close some branches, Ecobank may have resolved to lay-off more of its workers.
Considering the arrangement at hand, Ecobank is to step up its digital platforms as part of measures to cut cost and ensure efficiency.
In an interactive session with Reuters on the sidelines of the World Economic Forum for Africa in Durban, Chief Executive Officer Ade Ayeyemi explained that the bank’s plans to expand its mobile platforms would help deliver profits.
“This means reducing our branch network, using technology to deliver to customers and processing transactions centrally. We believe that this business model can deliver profitability to our shareholders,” said Adeyemi, adding that expansion into online platforms would lead to lay-offs.
