Lloyds group to close 56 more branches across UK this year

Bank to shut 31 Lloyds, 10 Halifax and 15 Bank of Scotland outlets, blaming reduced usage

Lloyds Banking Group is closing 56 more branches this year, blaming “changing customer behaviour” for the decision.

The group will shut 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches between April and October this year.

Many of the big banks have been slashing their networks on the grounds that customers are spurning traditional branch counter service in favour of doing their banking online and via mobile phones.

However, the consumer organisation Which? said: “The loss of yet more branches to an already devastated network will hit communities across the UK hard, as there is still a clear demand for access to traditional banking services and cash.”

It is understood the Lloyds group has closed a net 655 branches since 2010.

A bank spokesperson said: “We are committed to having the largest branch network in the UK and, in addition to our branches, all our customers can also use the Post Office to access their banking locally, alongside our mobile branches which visit many rural communities.” The bank said the latest cuts were in response to “changing customer behaviours and the reduced number of transactions being made in branches”.

The bank said it would aim to avoid compulsory redundancies by seeking redeployment in the first instance and then offering voluntary redundancy.

In recent years, Lloyds Banking Group has been reorganising its branch network. It has shrunk some of its existing high street outlets and turned them into “micro-branches” that do not have traditional counters. At the same it has unveiled large flagship branches with facilities such as an in-house coffee shop and dedicated business hub.


Rupert Jones

The GuardianTramp

Related Content

Article image
Lloyds Banking Group to close 44 more branches
Unions criticise decision to shut 29 Lloyds and 15 Halifax branches, taking closures to 100 this year

Kalyeena Makortoff Banking correspondent

23, Jun, 2021 @4:46 PM

Article image
Lloyds Banking Group to close 49 branches and cut 665 jobs
Unions say reductions, which are part of three-year cost-cutting programme, will have impact on customers

Jill Treanor

09, Nov, 2016 @4:26 PM

Article image
HSBC to close 27 more branches across UK this year
Wave of closures announced as more customers switch to online and mobile banking

Rupert Jones

25, Feb, 2020 @1:34 PM

Article image
Lloyds bank to axe 3,000 jobs and close 200 branches
High street bank seeks to cut costs in anticipation of interest rate cut and cites 15% fall in use of branches

Jill Treanor

28, Jul, 2016 @4:52 PM

Article image
Lloyds and Halifax to close 40 bank branches in England and Wales
Full list of site closures, which will start in April and carry on through into June this year

Zoe Wood and agency

20, Jan, 2023 @12:16 PM

Article image
Lloyds Banking Group share price passes 73.6p for first time this year
Osborne can sell shares in small tranches to professional investors at level at which taxpayers break even on stake in bank

Jill Treanor

25, May, 2016 @5:13 PM

Article image
Lloyds Banking Group to cut 1,755 jobs and close 29 branches
Bank is looking to lower costs as it prepares for privatisation, despite George Osborne delaying sale of remaining shares to public

Jill Treanor and Sean Farrell

03, Feb, 2016 @3:49 PM

Article image
Lloyds to shrink hundreds of UK branches to two staff
New ‘micro branches’ will not have counters, with customers using self-service machines and video links

Graham Ruddick and agencies

03, Apr, 2017 @6:29 PM

Article image
NatWest and Lloyds to axe a further 81 bank branches
Banks say customers are rejecting traditional counter services in favour of online banking

Rupert Jones

30, Mar, 2023 @4:17 PM

Article image
Lloyds, Halifax and Bank of Scotland to shut 60 branches
Union says 124 jobs across UK will be lost, with affected branches closing by end of 2022

Jasper Jolly

23, Mar, 2022 @1:17 PM