Zim banks remodel operations

Zim banks remodel operations
Published: 05 October 2017
Finacial institutions are considering retraining their employees to ensure they fit into a new business model that is largely inclined to electronic banking.

This comes as banks are increasingly moving towards creating lean structures that will see several branches being shut down across the country.

Although the Bankers Association of Zimbabwe (BAZ) president Dr Charity Jinya ruled out wholesale job losses in the banking sector due to technology, The Herald Business understands that some banks have already lined-up plans to shut down branches that "are not very busy".

Since June this year, banks have been urging their clients to subscribe for electronic transacting systems, a development that has significantly cut down on the need for depositors to use banking halls.
- the herald
Tags: Jinya, Banks,

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