in Russia, the reduction of bank branches due to digitalization is expected – Kommersant
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In Russia, 191 bank branches closed in May, the reason being the growing share of the population with remote access to bank accounts (now over 80%), follows from the statistics of the Central Bank, which was analyzed “News”.
In the Central Bank, the reduction in the branch network is associated with the transition to digital channels for using financial services. Using financial services online replaces a trip to the bank office for customers. According to the publication, an even greater reduction in the number of offices is expected after the launch of the digital ruble. The last time such a large-scale closure of branches was in September 2022, when 486 offices were closed.
It is reported that since the beginning of 2023, Post-Bank has reduced 41 offices, Ak Bars – 23, OTP-Bank – 26, Renaissance Credit – 15. At the same time, Alfa-Bank has increased the number of offices by 99 since the beginning of the year, up to 1018, as part of expansion into the retail market.
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