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Banks: more than 3,500 branches have closed in France in 10 years

2021-06-09T14:57:26.065Z

HSBC leads with the closure of 97 of its establishments, a decrease of 27% of its network. The digitization of banking uses is underway and traditional banks intend to adapt to this new situation. According to a study by Infostat Marketing for Moneyvox, 3,700 bank branches have closed their doors since 2010 in France, or 9% of the network. The country had 41,800 in 2010, against 38,100 in 2020. This phenomenon has particularly accelerated since 2015 with the closure of 2,900 establishme



The digitization of banking uses is underway and traditional banks intend to adapt to this new situation.

According to a study by Infostat Marketing for Moneyvox, 3,700 bank branches have closed their doors since 2010 in France, or 9% of the network.

The country had 41,800 in 2010, against 38,100 in 2020. This phenomenon has particularly accelerated since 2015 with the closure of 2,900 establishments in just five years.

Read also: The banking networks victims of digital

National banks, to distinguish them from mutualist groups, have not hesitated to resort to this strategy.

HSBC leads with the closure of 97 of its establishments, a decrease of 27% of its network.

BNP Paribas is in second position with a 22% reduction in its branches, followed by Société Générale.

With the merger of the Societe Generale and Crédit du Nord networks, 600 additional branches will definitely lower the curtain.

In total, 3,700 bank branches have closed their doors since 2010 in France.

Credit: Infostat Marketing for MoneyVox

Mutual banks are also starting to decline in their branches, but less so.

Crédit Mutuel has only closed 85 branches since 2010, or 3% of its banking network.

Banque Populaire, for its part, closed 7% of its branches.

Banks are continually adapting their offer to customer demand.

The presence of agencies adapts to the evolution of French practices.

Customers no longer need to go to an agency to perform the simplest operations, needs have changed, and if physical proximity, via the agencies, is still ensured thanks to a dense territorial network, it is now also digital

”, explains the French Banking Federation.

According to a study carried out by Ifop for the FBF in February 2021, 83% of French people believe that the ideal bank should allow everyone to choose between digital services and branches according to their needs.

Banking applications are said to be the third most used by the French after social networks and the weather.

133 branches closed in the Bouches-du-Rhône

Beyond the question of the strategy chosen by each bank, these closures pose the problem of banking desertification in certain departments.

33 departments out of 96 in mainland France have lost between 10 and 18% of their banking establishments.

33 departments lost between 10% and 18% of their branches.

Credit: Infostat Marketing for MoneyVox

The Bouches-du-Rhône department leads the way with the closure of 133 branches, closely followed by the Moselle with 123. The French Banking Federation is nonetheless reassuring on this point: “

When a network closes an agency, it is, in a very large majority of cases, because there is another at a reasonable distance, even very close.

In addition, if agencies close in certain areas, they open in others, settle in new districts, at the same time as the cities evolve.

"

Read also: Major maneuvers begin in private banking

The decrease in the number of bank branches should be put into perspective in France. It remains weaker than in the other main economies of the euro zone. In France, there were 53 branches per 100,000 inhabitants in 2019, compared to 60 in 2009. Within the euro zone, this number rose from 55 to 38 between 2009 and 2019.

Source: lefigaro

All news articles on 2021-06-09

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