Rural Areas Suffered Most from Bank Branch Closures

Posted on 13 May, 2016 by Chris Grigorovsky

Figures found by the BBC have revealed that over 600 bank branches across Britain in the past year have seen closures, with rural areas being the most affected.

Rural Areas Suffered Most from Bank Branch Closures

It was found that parts of Scotland, Wales and South West England, between April 2015 and April 2016, lost the most per population.

Wales suffered the most bank loses, with five of the top 10 areas being there, which were: Denbighshire, Conwy, Powys, Gwynedd and Carmarthenshire.

The bank with the most closures over the last year was RBS with 166, followed by HSBC with 146.

The main reason for the closures, according to banks, is the increase of customers switching to online banking. RBS figures have shown that over the counter transactions have fallen 43% since 2010, while in contrast, online and mobile banking increased four-fold.

An RBS spokesperson said: “We review our branch network regularly to make sure the services we provide are appropriate for each local community, based on our customers’ usage and other ways to bank in the local area.”

Campaigners are arguing that the loss of banks is damaging the communities, with the Federation of Small Businesses’ chairman, Mike Cherry, saying: “In the unfortunate event that a closure takes place, customers must be redirected to appropriate banking services.”

The only alternative is Post Offices, with basic banking available across 11,500 of them.

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market


Creative Christmas window displays

Toronto downtown skyscrapers

Brief history of skyscrapers

Savvy promotions attract early Christmas sales for retailers

Are savvy promotions attracting Christmas sales for retail stores?

Greenfield developments

Greenfield developments: The facts

facts about converting chapels churches

Things to consider when investing in church or chapel conversions

Lincoln Castle 1068

Exploring Lincoln Castle’s Georgian and Victorian Prison

the leopard inn Burslem

Facts about The Leopard Inn, Stoke-on-Trent

ancient high house Stafford

The majestic Ancient High House in Stafford

retro video game arcades

Retro video game arcades: The comeback

industrial style offices

How to achieve an industrial inspired office