Overhead Cost: Banks Reduce Work Hours

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Some Nigerian banks have reduced their work hours on account of the country’s spiraling inflation, high energy prices, and exchange rate crises.

One of the banks,Access Bank, in a notification titled ‘Adjusted Closing Time for Select Branches’ to its esteemed customers listed 83 branches in different states where its doors would be shut to customers at 3 pm instead of 4 pm. The bank urged customers to consider processing most of their transactions via its digital channels.

“You can simply process most of your transactions via our digital channels, as a few of our Access Bank branches nationwide will be closed at 3 pm from the 29th of August, 2022,” the bank stated.

The bank said, while some of its branches will continue to operate between 8 am and 4 pm, its electronic channels would be open to customers 24 hours every day.

Besides,United Bank for Africa Plc,has also unveiled plans to adjust work hours in some of its branches to ensure the well-being of employees and customers alike.

The bank stated this in a notification titled ‘Notice of Bank Closure,’ sent to its customers,said: “Dear customer, please be informed that some of our branches will now close earlier for the safety of our customers and employees. Our digital channels will remain available to you 24/7.”

GTCO and FirstBank and some others took such measures early in the year

135100cookie-checkOverhead Cost: Banks Reduce Work Hours

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