Crisis At First Community Bank As Customers Restricted To Withdrawing Only Ksh 10,000

There seems to be a cash crisis at the First Community Bank, Wabera Branch as customers are only allowed to withdraw not more than 10,000 shillings.

Customers have taken to social media to protest the move with fears that the bank might be going under with millions of their deposits.

CASH crisis at First Community Bank, Wabera branch as customers only allowed to withdraw Sh10,000; no word from CBK yet. pic.twitter.com/Uef3tEGLJy

— CapitalFM Breaking News (@BreakingNewsKE) October 4, 2022

Most of the customers at the bank are of Somali origin. The bank has, however, issued a statement saying the allegations are bad rumors that led to panic withdrawals from customers.

Chaos at first community bank Wabera Branch.

Customers allowed to withdraw Sh 10,000 per day only. pic.twitter.com/jZmpWfGrIW

— Cyprian, Is Nyakundi (@CisNyakundy) October 4, 2022

Here is the statement: