Santander’s branch closures

Banco Santander

Spain’s Banks Blame New Technology For More Dramatic Branch Closures

F. Barciela / F.G. Ljubetic  | The crisis forced Spain’s banking industry to cut its number of branch offices from 46,000 in 2008 to 31,000 at end-2015, the lowest figure since 1983. But now it’s technology, the Internet and mobile which will force the banks to continue reducing their branch networks. This is a challenge facing banks across Europe and the US.