Rising Operating Cost And Insecurity: UBA, Access Bank Adjust Closing Hours - The State Post

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Monday, September 5, 2022

Rising Operating Cost And Insecurity: UBA, Access Bank Adjust Closing Hours


United Bank of Africa and Access Bank have announced changes in their operating hours.

The two banks reasons for the decision include insecurity and cost of operation.

It will be noted that Nigerian companies have been facing various challenges, most especially the rising cost of diesel, insurgency and terrorism.

United Bank of Africa (UBA) and Access Bank however limited the adjustments in hours of operation to only some of their branches. 

In a separate email to their customers, the two banks cited several reasons behind the move, including insecurity and costly operating costs. 

The decision is likely to increase the number of Point of Sales (PoS) operators in the affected areas. 


Access bank 
The bank in a notification titled Adjusted Closing Time for Select Branches to its esteemed customers contains the list of the branches and the states where they operate. 

 Access bank urged its customers to consider processing most of their transactions via its digital channels, Leadership reports.

 Access Bank stated: “You can simply process most of your transactions via our digital channels, as a few of our Access Bank branches nationwide will be closed at 3 pm from the 29th of August, 2022. 

"Other branches will be open as usual from 8:00 am to 4:00 pm and we promise to keep customers informed as it made the changes." 

 UBA, the bank stated in a notification on Thursday, 1 September to customers that it is adjusting working hours in some of its branches to ensure the well-being of employees and customers alike, InsideBusiness reports. 

The statement titled ‘Notice of Bank Closure’ reads: “Please be informed that some of our branches will now close earlier for the safety of our customers and employees. 
Our digital channels will remain available to you 24/7." 

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