Royal Bank of Scotland to close a fifth of branches [Yahoo! Finance]
NatWest Group plc American Depositary Shares (NWG)
Company Research
Source: Yahoo! Finance
The closures will leave 69 branches in Scotland, in which it is pledging to invest more than £10m. The Royal Bank, now branded under the NatWest Group, says the further reduction in branch numbers is due to declining use by customers. It is promising there will be no further closures before 2026. Closures include three branches in Edinburgh, three in Glasgow, as well as Bathgate, East Kilbride, Helensburgh, Largs, New Deer and Helensburgh. However, RBS has plans to create a new flagship branch out of the two branches closing in Inverness. Digital banking shift In a statement, RBS said customers were using digital banking "more than ever before" with over 80% of active current account holders using digital services. It said it was responding to an "industry-wide shift" to online services and investing in digital banking. An RBS spokesperson said: "While we are increasingly engaging our customers digitally, our branch network remains important to us. "We are also sign
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NWG
Sec Filings
- 4/30/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/29/24 - Form 6-K
- NWG's page on the SEC website