Banks close 117 branches mid-2019 to mid-2020

in News · 18-10-2020 12:00:00 · 0 Comments
Banks close 117 branches mid-2019 to mid-2020

Banks operating in Portugal were forced to shut down 117 branches across the country for the year ending in June.

However, the number of staff working at banks rose by 41, though the Portuguese Banking Association has forecast that this number will drop in the coming years as banks reduce effective staff. A number of banks are reportedly already calling on workers to accept voluntary redundancy packages as customers visiting branches continue to show a marked drop.


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