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NatWest Says Nine More Banks to Close in Friday Morning Update
- On Friday, NatWest Group announced nine branch closures across Scotland, England, and Wales occurring later this year, while pledging no further closure announcements across its NatWest, Royal Bank of Scotland, and Ulster Bank brands until at least 2029.
- While 95% of customers now choose digital banking for day-to-day needs, the bank recognizes in-person support remains vital, marking these closures as the conclusion of its current programme of network changes.
- The group will invest £50 million over 2026/2027 to modernize existing locations and expand flexible services including mobile branch stops and community banking hubs, ensuring customers maintain face-to-face access.
- Nationwide Building Society pledged to keep its 605 branches open until at least 2030, while Lloyds Banking Group continues reducing its footprint as competitors reconsider branch strategies.
- Solange Chamberlain, chief executive of retail banking at NatWest Group, said the bank is "investing to offer customers a seamless mix of ways to bank," ensuring confidence through 2029.
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Coverage Details
Total News Sources18
Leaning Left4Leaning Right2Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 27%
C 60%
13%
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