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NCB Group makes more than $8 billion in cost savings from restructuring

NCB Interim Group CEO Robert Almeida
 
The NCB Financial Group says it has already realized more than $8 billion in cost savings, from a number of restructuring activities done over the last few months.
 
Interim Group CEO Robert Almeida says additional cost savings will be achieved as other avenues to streamline operations are implemented.
 
Earlier this year, NCB Financial Group announced it was looking to cut billions of dollars in costs, as the company took on new senior management.
 
In the last few months, the group has cut a number of senior management posts, and restructured the operations of its digital wallet platform Lynk.
 
 
 


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