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CABS To Close Four Branches

FinTech

CABS To Close Four Branches

CABS says it will close four branches in Chegutu, Mount Darwin, Chivhu and Mpandawana as of March 31 2020.

The Zimbabwe’s biggest mortgage lender will close these branches in response to the economic trends in the country.

“CABS would like to advise customers that in line with our branch rationalisation strategy, (four) branches will be closing on 31 March 2020,” the bank said in a statement.

“Services will be available at the nearest agents or any other CABS branch nationwide,” they added.

The bank said services in these operations would continue through agents in all of the affected towns, such as OK Money Wave and Meikles Financial Services.

CABS last year announced the shutting down of poorly performing branches and many have already been shut down in Mutare, Bulawayo and other towns.

Fortunately no job cuts have been effected in relation to the programme

Yeukai is an ambitious and passionate journalist. She enjoys writing and reading about technology and has made it her number one priority. She has been practicing journalism for 5 years now. In her journey as a writer, she has written three novels so far.

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