Home Business NewsBusinessBanking Lloyds Banking Group set to close 56 bank branches

Lloyds Banking Group set to close 56 bank branches

by LLB Reporter
29th Jan 20 2:02 pm

Lloyds Banking Group has announced they are to close 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches between April and October this year.

The move is part of a store reduction programme due to changing customer behaviour as more people use online banking.

A Lloyds Banking Group spokeswoman said, “We are committed to having the largest branch network in the UK and, in addition to our branches, all our customers can also use the Post Office to access their banking locally, alongside our mobile branches which visit many rural communities.

“We have confirmed that a number of branches will close between April and October this year.

Banking union Accord said in a statement, “We fully appreciate that the demand for high street branch banking is diminishing as customers increasingly move to app-based banking but we’ll be examining Lloyds Banking Group’s plans to ensure that they’re properly thought through and robustly evidenced.

“So far, all branch closures have been managed without compulsory redundancies and Accord expects the same outcome here.

“We’ll be contacting our members who are impacted by the closures to offer support and representation.”

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