Santander One Of Europe's Largest Financial Institutions, Is Closing 76 Branches
The recent increase in 'bank branch closures' on England's main commercial streets, known as 'High Street', continues to be supplemented with new ones. Santander, one of Europe's largest financial institutions, announced that it has officially closed 76 bank branches throughout 2025. Additionally, it was announced that the Surrey Quays branch in London, one of the bank's most popular branches, will also be permanently closed next month.
Santander, one of Europe's leading financial institutions, announced its decision to close 76 branches nationwide throughout 2025. This major bank stated that it would also close its doors to customers for the last time at its branch in the Surrey Quays area of London in November.
The bank's management team expressed that the increase in the use of mobile banking and online services significantly reduced the need for physical bank branches. This situation can be considered as an indicator of the need for the banking sector to quickly adapt to the digitalization process.
In addition to the previously closed 76 branches, Santander announced that 18 more branches would be closed, but it is not yet clear when these branches will be completely closed. The bank also announced that working hours were shortened in 36 branches as of June 30. This situation can be seen as part of the bank's strategy to reduce operational costs and provide a more efficient service.
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