Lloyds Banking Group to close 66 more bank branches

Lloyds Banking Group plans to close a further 66 branches (48 Lloyds Bank and 18 Halifax) between October and next January.

Lloyds Bank Group announces branch closures

The closure is the latest in a string of branch closures as the high street bank grapples with changing customer behavior and the move to mobile and digital-first banking.

According to Lloyds Banking Group, which has 19.1 million online banking customers and 15.6 million mobile app users, visits to the 66 branches to be closed have fallen by an average of 60% over the past five years. .

Russell Galley, Director of Consumer Relations, Lloyds Banking Group, said:

Alongside our digital, online and phone services, we will continue to invest in our branches, but they must be placed in well-used and appropriate locations.

The new closures are expected to be completed by September, adding to the closure of 60 branches announced by the Lloyds Banking Group in March.

Upon completion of all previously announced closures, Lloyds Banking Group will have 1,321 branches (646 Lloyds Bank, 510 Halifax and 165 Bank of Scotland).

The UK’s Financial Conduct Authority (FCA) issued the latest in July to require banks and building societies to thoroughly assess the impact of changes to their services in order to curb the closure of a growing number of branches across the country. Suggested guidance.