Lloyds to close 60 UK branches in online banking push

·Finance Reporter, Yahoo Finance UK
·3 min read
Lloyds  People walk past a branch of Lloyds Bank on Oxford Street in London, Britain July 28, 2016.  REUTERS/Peter Nicholls
Trade union Unite says 124 jobs are at risk at Lloyds, although the bank has not said how many workers will be impacted. Photo: Peter Nicholls/Reuters

Lloyds (LLOY.L) has announced it will shut 60 branches, including Lloyds, Bank of Scotland and Halifax sites, across the UK, due to customers switching to online banking.

The UK's biggest domestic bank said it would cut branches across its various retail brands, including 24 Lloyds branches, 19 Bank of Scotland and 17 Halifax branches.

"Just like many other high street businesses, fewer customers are choosing to visit our branches," said Vim Maru, group retail director at Lloyds.

Employee union Unite criticised the move, arguing it would "rip the heart out of local communities" and claimed it would result in 124 job losses, although the bank has not said how many workers will be impacted.

Read more: HSBC to shut 69 bank branches with 400 jobs affected

Lloyds stressed it aims to offer a new role to all staff affected.

The UK's largest high street bank reported pre-tax profits of £6.9bn ($9.1bn), an increase from the £1.2bn achieved in 2020. However, fraud compensation hurt profits, the bank said.

Lloyds Bank branches affected and when

  • Aylesbury Gatehouse - 26/07/2022

  • Beaconsfield - 29/06/2022

  • Beaconsfield - 15/09/2022

  • Birmingham Temple Row - 01/08/2022

  • Bolton Westhoughton - 11/08/2022

  • Bradford Thornbury - 20/09/2022

  • Buckingham- 30/06/2022

  • Chandlers Ford - 10/08/2022

  • Chipping Campden - 30/06/2022

  • Colchester St Johns - 20/09/2022

  • Cottingham - 21/09/2022

  • Edgbaston - 06/07/2022

  • Knutsford - 07/07/2022

  • Liverpool Woolton - 14/07/2022

  • Lyndhurst - 13/07/2022

  • Marlow - 04/08/2022

  • Morriston Swansea - 21/07/2022

  • Oxford Summertown - 03/08/2022

  • Poulton-le-Fylde - 28/06/2022

  • Rushden - 26/07/2022

  • Shanklin - 28/07/2022

  • Shrewsbury Mount Pleasant - 11/08/2022

  • Smethwick - 21/07/2022

  • Swanwick - 25/07/2022

  • Tiptree - 25/07/2022

Halifax branches affected and when

  • Abingdon - 29/06/2022

  • Beaconsfield - 28/07/2022

  • Beccles - 05/07/2022

  • Belfast Shaftesbury - 28/06/2022

  • Bideford - 06/07/2022

  • Devizes - 27/07/2022

  • Doncaster Mkt Pl - 19/09/2022

  • Dunstable - 11/07/202

  • Finchley Central - 12/07/2022

  • Halifax Commercial St - 19/09/2022

  • Margate - 18/07/2022

  • Morriston - 18/07/2022

  • Penge - 10/08/2022

  • Totton - 19/07/2022

  • Wokingham - 20/07/2022

  • Worcester Park - 20/07/2022

  • Yeadon - 25/07/2022

Bank of Scotland branches affected and when

  • Aberdeen 201 Union St - 14/09/2022

  • Alness - 27/07/2022

  • Brechin - 02/08/2022

  • Broxburn - 09/08/2022

  • Carluke - 27/06/2022

  • Clarkston - 04/07/2022

  • Dunblane -07/07/2022

  • Dyce - 05/07/2022

  • Edinburgh Barnton - 13/07/2022

  • Edinburgh Shandwick - 13/07/2022

  • Forres - 11/07/2022

  • Glasgow Riddrie - 09/08/2022

  • Innerleithen - 04/08/2022

  • Kirkcudbright - 03/08/2022

  • Lockerbie - 08/08/2022

  • Selkirk - 08/08/2022

  • Shotts - 15/08/2022

  • Stromness - 17/08/2022

  • Troon - 21/09/2022

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