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After switching to digital services, several British banks are closing their branches


London-SANA The increasing customer shift towards digital banking services prompted many British banks to switch to IG


The growing customer shift towards digital banking services has prompted many British banks to close more of their branches amid apparent weak turnout.

According to the British newspaper The Independent, Barclays Bank announced yesterday its intention to close 15 of its branches in various parts of Britain, which means that more than a hundred branches will close their doors so far this year.

Barclays, which has nearly 1,200 branches across Britain, is scheduled to close 14 branches in England and another in Wales between late April and early May.

This comes days after Nat West Bank confirmed its closure of 23 branches, and more than a week after a similar move by Lloyds Banking Group affected 40 locations of Halifax Bank owned by the group and Lloyds.

Nationwide Bank also announced the closure of its branch in Kingswood, while the total number of bank branches and banks scheduled to close this year in Britain will reach 103 locations.

Basma Kannon

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Source: sena

All business articles on 2023-02-01

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