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Santander UK to close 95 branches, endangering 750 jobs due to digital banking shift

Published 19/03/2025, 10:10
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Investing.com -- Santander (BME:SAN) UK, the British division of the Spanish bank, has announced plans to shut down 95 out of its 444 branches.

This move puts 750 jobs at risk, as the bank sees a shift in customer preference towards digital banking.

Out of the remaining 349 branches in Santander UK’s network, the bank plans to provide full services in 290 branches.

The rest of the branches will either have reduced operating hours or will be counter-free starting from June, as stated by the bank on Wednesday.

The shift towards digital banking has led to the decision to reduce the number of physical branches.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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