NDB Takes Drastic Steps To Avert Closure

Monday, January 28, 2019

National Development Bank (NDB) has retrenched 50 of its staff as part of a turnaround strategy that was adopted by the board late last year.

The rationalisation and optimisation exercise which took six months came in the wake of a radical strategic plan that was meant to drive the bank towards profitability and sustainability.

Last December, the bank parted ways with their staff after failing to sail through the tighter liquidity , low interest rate margins that affected the banking sector.

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