I’ve recently seen so many articles about branches and branch closures that it’s worth a blog post, just to keep up with the issue.
The first thing that came out was the recent European Central Bank (ECB) data detailing bank statistics over the past few years.
From analysing this data, Reuters found that there has been significant branch closures, particularly in austerity countries like Spain:
“Banks have shut about 20,000 branches across Europe in the last four years, including 5,500 last year and 7,200 in 2011. That represents the closure of about 8% of Europe’s branches since the financial crisis, and the cull is expected to continue for many years.”
Read more at Financial Services Club Blog