BME:SANBanks
Santander Branch Closures Test Digital Shift And Long Term Growth Story
Santander plans to close 44 bank branches, affecting nearly 300 roles as it reshapes its local presence.
The move is linked to increased customer use of digital banking services and a review of the branch network.
The bank intends to keep a footprint in affected areas through community bankers and shared local banking hubs.
For investors watching Banco Santander (BME:SAN), this branch review comes with the shares trading at €10.598. The stock has seen a 2.7% return over the past week, 6.3%...