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Santander is set to close nine branches across Scotland in June and July 2025 as part of a broader reduction of 95 branches in Britain, affecting 750 jobs. The bank has noted a significant shift towards online banking, with in-branch transactions dropping by 61%. In response to these changes, Santander will introduce community bankers to support customers in affected areas, ensuring that all customers remain within ten miles of a branch, which will also be near a post office for essential transactions.
Santander UK will close 95 of its 444 branches, affecting 750 jobs, as digital banking continues to rise in popularity. The bank reported a 63% increase in digital transactions since 2019, while branch transactions fell by 61%. Of the remaining branches, 290 will provide full services, with others operating on reduced hours or being counter-free starting in June.
Santander's UK division plans to cut around 750 jobs as it prepares to close 95 branches, reducing its network to 349 by June 2025. This restructuring includes 290 full-service branches, 36 with shortened hours, 18 counter-free branches, and five Work Cafes, aimed at modernizing the bank's presence.
Santander plans to close 95 branches across the UK, reducing its total to 349, due to a significant shift towards digital banking. The bank will deploy 95 community bankers to support local areas, while about 750 staff face redundancy. Critics argue that these closures may disadvantage rural customers, although Santander will continue to open "work cafés" for banking services.
Santander is set to close 95 of its 444 UK branches, risking 750 jobs, as part of a network overhaul to adapt to changing customer needs. The bank will also reduce services at over 50 branches and introduce community bankers for face-to-face support. Following the changes, Santander will operate 349 branches, with 93% of the UK population remaining within 10 miles of a branch.
Santander UK plans to close 95 branches, putting around 750 jobs at risk, as it adapts to a significant shift towards digital banking. The bank will operate 349 branches post-closures and is consulting with employee unions to support affected staff. Despite speculation about its future, Santander maintains that its UK operations are a core part of its global strategy.
Banco Santander plans to buy back €10 billion worth of shares from 2025 to 2026, while also cutting over 1,400 jobs in the UK as part of cost-reduction efforts. The bank reported a 38% drop in pre-tax profits for 2024, attributed to provisions for motor finance mis-selling and rising savings rates. Despite concerns about its UK operations, Santander's executive chair reaffirmed the country's importance, although a sale could be considered if a suitable offer arises.
Santander UK is set to close several branches, putting approximately 750 jobs at risk. The banking group, Spain's largest, operates in commercial banking, investment banking, and asset management, managing over EUR 1 trillion in deposits and credits through a global network of 8,011 branches.
Santander UK announced that approximately 750 employees may face job losses due to the closure of 95 bank branches across Britain. Following this move, the bank's network will consist of 349 branches, including 290 full-service locations and 36 with reduced hours.
Santander UK is set to close several branches, putting approximately 750 jobs at risk. As Spain's largest banking group, Banco Santander, S.A. operates in commercial banking, investment banking, and asset management, managing over EUR 1 trillion in deposits and credits through a global network of 8,011 branches.
Banco Santander, S.A.
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