Irish Times: Focus on private banking will see NIB leave high street
[broken link removed]
NIB have thus far:
(1) Announced branch closures - phase I
(2) Announced branch closures - phase II
(3) Stopped taking cash in branches.
Does Peter Straarup's comments indicate that NIB will close all branches & move NIB online only or will there be a third phase of branch closures?
It seems like NIB are, bit by bit, moving away from a branch network to an online presence with a focus on private banking.
[broken link removed]
Chief executive Peter Straarup said in an interview that there was “nothing attractive” about operating banks in Ireland at the moment.
“The Irish business will focus on private banking plus the bigger of the small and mid-size corporate customers,” Mr Straarup said yesterday. “We are pulling back from traditional mass banking when it comes to branches.”
NIB have thus far:
(1) Announced branch closures - phase I
(2) Announced branch closures - phase II
(3) Stopped taking cash in branches.
Does Peter Straarup's comments indicate that NIB will close all branches & move NIB online only or will there be a third phase of branch closures?
It seems like NIB are, bit by bit, moving away from a branch network to an online presence with a focus on private banking.