Standard Bank Malawi has sacked 10 of its branch managers for failure to meet some prescribed targets on Know Your Customer (KYC) guildelines which are used across the globe where the bank is operating, Nyasa Times understands.
Insiders said the bank has fired managers for some of its ‘big’ branches which include Blantyre, Ginnery Corner, Lilongwe, Mzuzu, Zomba among others.
When contacted for comment Standard Bank head of marketing and communications Thoko Unyolo confirmed the development.
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