This post was first published by Croydon Advertiser on 02/05/2018.
RBS to close 162 branches but Croydon’s will remain open
The bank announced the closures on Tuesday (May 1)
Royal Bank of Scotland has announced it will be closing more than 150 RBS branches later this year – but Croydon’s branch will remain open.
Following a review of its branch network in England and Wales, RBS has said it will close 162 branches in the coming months, resulting in 792 roles being lost.
RBS has said the reason for the closures is because some branches are too close to NatWest banks.
“The vast majority of branches across the Royal Bank of Scotland in England & Wales are in close proximity to either another Royal Bank of Scotland in England & Wales branch or a NatWest branch,” the bank said.
“Customers of Royal Bank of Scotland in England & Wales will be able to use NatWest branches instead for their everyday banking needs,” an RBS spokesman added.
“We expect these branch closures to result in around 792 roles being made redundant.
“We realise this is difficult news for our colleagues and we are doing everything we can to support those affected. We will ensure compulsory redundancies are kept to an absolute minimum.”
The Croydon branch, on North End, will remain open.
Nearby branches in Bromley and Sutton will close in August.
A total of 109 branches will close in late July and August 2018. These branches are within 0.6 miles of another Royal Bank of Scotland or NatWest branch, the group said.
A further 53 branches will close in November 2018, all of which are between 0.6 and 2.5 miles of another Royal Bank of Scotland or NatWest branch.
The bank went on to say that as well as branches being near each other, the way people use banks has changed – putting more pressure on high-street services.