Absa Bank Kenya, the latest lender, urges its customers to stockpile chequebooks following De La Rue’s decision to freeze its country operations.
The Nairobi Securities Exchange-listed firm urged customers to order their cheques early to avoid inconveniences.
“Dear Customer, we have been informed about a potential workflow disruption by our cheque printing partner that will interrupt our normal supply of new cheque books. To avoid any inconvenience, please place orders for your required cheque books to cover at least six months as soon as possible, but no later than 27, 2023,” the notice read.
In its half-year financial result ending June 30, 2022, the bank reported a net profit of KSh6.3 billion, up from KSh5.6 billion in the same period in 2021, representing a 13 per cent growth.
The improved performance was attributed to economic recovery from Covid-19’s impact.
During the period, customer deposits surged by 7 per from KSh262 billion to KSh282 billion.
Other lenders that have issued a similar warning include Citibank and Equity Bank.
