Robert Almeida, the Interim Group Chief Executive Officer (CEO) at the National Commercial Bank (NCB), states that there will be no major job cuts at the bank.

This is amid concerns about potential job losses as the bank continues with its digitalization mandate – making its operations more efficient.

Also, as NCBFG says it hopes to realize between six and eight billion dollars in savings this year through a mix of measures – sending jitters among staff at several branches.

Additionally, in recent years, NCB has closed several branches and made more than 100 roles redundant.

However, while responding to questions at a press briefing on Thursday, Mr. Almeida noted that while the bank’s focus is on efficiency, there are ways to achieve this without cutting staff.

Mr. Almeida also affirmed that the group remains viable and well-capitalized despite a year-on-year fall in net profits.