UK bank announces full list of more than 100 branches closing in 2025

UK bank announces full list of more than 100 branches closing in 2025

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UK bank announces full list of more than 100 branches closing in 2025
Author: Gethin Hicks
Published: Dec, 24 2024 14:22

Lloyds Bank Group has announced the closure of more than 100 of its branches – find out if your local bank is the on list. The British high street has been rapidly losing all kinds of shops in the last decade including retailers, local eateries and bank branches.

 [LONDON,ENGLAND - June 2023: Lloyds Bank store sign External Store Sign London, England. (Photo by Peter Dazeley/Getty Images)]
Image Credit: Metro [LONDON,ENGLAND - June 2023: Lloyds Bank store sign External Store Sign London, England. (Photo by Peter Dazeley/Getty Images)]

In fact, 6,214 bank branches have shut since January 2015, correlating to a shocking 53 every single month. Now, one of the UK’s most popular banking companies, Lloyds Banking Group, has announced the closure of more than 100 of its chains. The vast number of closures in 2025 will see 45 Lloyds, 41 Halifax and 15 Bank of Scotland branches shut for good.

 [Shopping street in Chelmsford, Essex, UK]
Image Credit: Metro [Shopping street in Chelmsford, Essex, UK]

A Lloyds Banking Group spokesperson told Birmingham Live that the rise of online banking has been a major contributor to the company’s decision. They said: ‘Mobile banking is more popular than ever, with over 19.5 million customers choosing our app to manage, maximise and understand more about their money.

‘Alongside our app, customers can bank online, over the phone, at a Banking Hub, at the Post Office or by speaking to one of our Community Bankers.’. Which?’s research revealed that Lloyds Banking Group has shut a staggering 1,243 of its stores since 2015.

Natwest Group, another of the country’s most popular banking companies, shut the most stores out of any group – 1,428. While Barclays closed just 15 fewer than Lloyds, a whopping 1,228. Sam Richardson, Which?’s deputy editor, also highlighted the ‘seismic’ shift towards online banking evident in today’s society.

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