Lloyds to Close a Further 44 Branches in England and Wales
June 23 2021 - 11:34AM
Dow Jones News
By Sabela Ojea
Lloyds Banking Group PLC said Wednesday that it is closing a
further 44 branches in England and Wales amid its push into
digitalization.
The U.K. lender said 29 Lloyds Bank and 15 Halifax sites will be
affected by the decision, taking the number of branches closed this
year to 100.
The bank shut 56 sites in March and April. The new closures will
take place between September and November, it said.
"Across all of the group's branches, transactions have fallen
10% per annum in the five years to March 2020, and significantly
further in the year since," said Vim Maru, retail director for
Lloyds.
Shares at 1500 GMT were up 0.43 pence, or 0.9%, at 47.20
pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
June 23, 2021 11:23 ET (15:23 GMT)
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