Wednesday May 27, 2020

Citi: banks will keep shutting local branches

Decline here considerably ahead of the euro average

22nd May, 2016
Many banks including Ulster Bank have shut some of their branches Pic:

The number of bank branches in Ireland has fallen dramatically in the last ten years, and looks set to shrink further, according to a new report on technological disruption in the banking sector.

Consolidation and ‘digital disruption’ in the banking sector, coupled with a lengthy global financial crisis, has reduced the number of bank branches in many developed countries, according to a report by financial services company Citi.

The report reveals that the...

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