Lloyds Banking Group, one of the UK’s largest finance giants, announced that it has decided to radically shrink in line with digitalization steps and decreasing customer visits.
The banking group officially confirmed that it will close a total of 233 branches of its Lloyds, Halifax and Bank of Scotland brands by the end of 2026.
The company also announced that it will continue this process by closing 12 more branches at the beginning of 2027. The group, which has locked the doors of approximately 1,600 branches throughout the island since 2015, has become the financial institution that follows the most aggressive shrinkage policy in the country in this area.
In the statement made by the bank, the reason for closing the branches was given that customers are rapidly turning to digital banking channels with the development of technology. The giant bank, which does not want to victimize its customers in the risk group who prefer traditional banking or have limited access to digital transactions, announced that it has developed alternative solutions.
In this context, more than 170 mobile branches were established in the regions whose branches were closed. “local banker”It was stated that face-to-face support will be provided in the field, and cash transactions will continue uninterrupted through thousands of Post Offices and PayPoint points across the country.
