Lloyds Banking Group puts a moratorium on branch closures

Lloyds Banking Group has today announced that it will commit to keeping the same number of branches in its network for the next three years.

  0 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

It will also pledge not to close a branch if it is the last one in a community.

This supports the Group's strategy to become the best bank for customers.

António Horta-Osório, Lloyds Banking Group Chief Executive said:

"We want to put the customer at the heart of everything we do and it is why last year we put a moratorium on branch closures. Today we commit to keeping the same number of branches on a net basis, over the next three years. And we also commit not to close a branch if we are the last one in a community."

"Branches are at the heart of how we serve customers and are at the centre of our communities. The branch network will continue to play a vital part in our future plans."

Sponsored [New Report] AI Strategies for Scalable, Secure and Compliant Banking

Related Company

Channels

Keywords

Comments: (0)

[New Impact Study] Are you ready for CBPR+? Accelerating modernisation and efficiency through ISO 20Finextra Promoted[New Impact Study] Are you ready for CBPR+? Accelerating modernisation and efficiency through ISO 20022