Deutsche Bank is reducing the number of branches significantly.
The group plans to close 100 of the original 500 branches.
Frankfurt -
Deutsche Bank
plans to close 100 of its 500 branches in Germany.
"We are planning to reduce the number of branches as quickly as possible from 500 to around 400," said
Philipp Gossow
, Head of Private Customers in Germany, to
Reuters
news
agency
. Numerous jobs are also affected by the austerity measures. Focus Online reports.
The
coronavirus
* pandemic
"changed the demand for advice and branches," Gossow continued.
"Even customers who were previously unfamiliar with online banking can now simply carry out many transactions from their computer or iPad."
Deutsche Bank shaken by Corona: Every fifth branch closes - many customers extremely affected
More complex advisory services are also increasingly being carried out via
telephone
or
video conferences
.
According to Gossow, the bank plans to expand this area with investments.
There was no information about the exact sums.
In July it was said that
Deutsche Bank
had survived the Corona * crisis relatively well.
The investment banking division in particular did well.
But the economic effects of the pandemic are now likely to take their toll.
(fmü) * Merkur.de is part of the Ippen digital network.