The average path to the nearest banking counter in Germany is all longer, because banks continue to improve the branches.
Last year, banks and savings banks turned off 1,631 branches, ie 8.3 percent of them. There were a total of 17,870 sites left, Bundesbank said.
The year before, it was closed around five, and in 2022. six percent of the branches.
In addition, banks continued to reduce expensive and intentional personal services.
All this is a consequence of the expansion of online banking, and in part and bad business results of individual banks, investor is transferred.
Most branches, 1,280, closed large banks, which now have only 3,292 branches in all of Germany. The rest are savings banks, joint banks and cooperatives.
The number and number of branches of credit institutions – 35 percent of them went out last year.
