As much as 50% of existing retail bank branches in the developed world will be obsolete by 2020 as banks assess their space requirements in the face of continued growth in online and mobile banking, according to forecasts by real estate agency Jones Lang LaSalle.
More than half according to experience in Finland. The total cost of banks was cut in half with help of e-banking enabled savings
Besides - do people realize that the customers pay every penny and cent of the costs. So closures should be greeting accordingly as good news - even if distances grow - but how often do you really need to go to a branch?
£150k OTE + benefitsCity of London
© Finextra Research 2014