Bnp paribas plans large-scale branch closures in france

Connexionfrance

Bnp paribas plans large-scale branch closures in france"


Play all audios:

Loading...

AROUND A THIRD OF PHYSICAL BRANCHES WILL CLOSE AMID ‘CHANGES IN THE WAY PEOPLE BANK’ Leading French bank BNP Paribas is to close a third of its branches across France by 2030, it has


announced, with up to 500 sites expected to be affected. Further details of the plans are set to be announced during a company-wide meeting on March 26, reports Reuters and Les Echos. The


banks are set to close due to the rising digitisation of banking and a drop in visitor numbers to high-street branches, the company has said.  The rate of closure could accelerate to as many


as 100 per year until 2030. This will leave BNP Paribas with around 1,000 branches nationwide. A spokesperson for the bank told the AFP: “Social dialogue is underway. We cannot comment on


discussions with union organisations that are still ongoing.” More discussions are set to begin with unions at the end of March, it said. However, in a press release sent to the AFP, the


bank said that the move was part of “a strategic plan for BNP Paribas”, which also includes “an investment plan in the upskilling of our teams and in technology for commercial development”.


This plan ‘will enable the bank to better meet the expectations of its individual, professional and business customers”, it said.  A ‘REVIEW OF THE WAY CUSTOMERS BANK’ “This is not at all a


reduction or restructuring plan,” said bank CEO Jean-Laurent Bonnafé at a press conference held to announce the bank’s results for 2024, in February.  Rather, the change is part of a “review


of the way in which customers currently bank”, both online and in physical branches. “This is what needs to be rethought and rebalanced,” he said. Read also: Traditional French banks under


pressure as customers switch Read more: More French banks offer virtual payment cards: How do they work?  It comes after the CEO of German banking group Deutsche Bank, Christian Sewing,


announced plans to cut “nearly 2,000 jobs” this year in its retail banking division, after it found it to be insufficiently profitable. It is set to close around 50 branches across Germany


this year, and currently has around 400 nationwide. Similarly, its subsidiary Postbank is also set to reduce its branch numbers from 550 to 300 by mid-2026.


Trending News

The future of online news magazines

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free _Mother Jones Daily_. _Ti...

Agence france-presse in srinagar: latest articles, analysis and profile | south china morning post

Agence France-Presse in Srinagar: Latest Articles, Analysis and Profile | South China Morning Post Advertisement Adverti...

Relate x RMMT au NF-34 - Sortiraparis.com

Le club parisien du NF-34 vous attend ce jeudi 21 février 2019 et convie pour l’occasion Manuel Schatz, Tiago Walter et ...

Oops! That page can't be found

Oops! That page can't be found It seems we can't find what you're looking for.Latest from HITC More latest from HITC...

A Missile for Al-Jazeera

Peter Kilfoyle is asking some interesting questions about George Bush’s alleged plans to bomb the Arabic television stat...

Latests News

Bnp paribas plans large-scale branch closures in france

AROUND A THIRD OF PHYSICAL BRANCHES WILL CLOSE AMID ‘CHANGES IN THE WAY PEOPLE BANK’ Leading French bank BNP Paribas is ...

Think long term and save small amounts monthly: jamie lever

JAMIE LEVER, stand-up comic, shares some money tips YOUR FIRST PAYCHECK I gave it to my mother, she told me we'll g...

Two more nfl players placed on 'exempt list' over domestic violence

Two more players were benched by NFL teams on Wednesday over allegations of domestic violence. First, the Carolina Panth...

Is sony trying to get firefox ported to the ps3? | techcrunch

So this is reasonably exciting. Some super secret source told PlayStation Insider that Sony has talked to Mozilla about ...

Queen Movie: Showtimes, Review, Songs, Trailer, Posters, News & Videos | eTimes

Mithi River desilting: Dino Morea arrives at ED office in Mumbai for probe – Deets insideAmitabh Bachchan finished 7 pro...

Top