Santander to reduce UK branch numbers

26 March 2012

Santander is to reduce its presence on UK high streets by cutting its branch numbers.

The lender will close 56 such outlets in a bid to reduce any overlap in its banking network that may arise as a result of the takeovers of Alliance & Leicester, Abbey National and Bradford & Bingley.

Such a move - which will see branches shut in areas where three of the group's units already stand - is required in order for the institute to meet European Union requirements on state aid.

The majority of the outlets targeted are to be ones that formerly belonged to Bradford & Bingley or Alliance & Leicester, which were simply rebranded as Santander facilities.

A spokesman for the bank, which is part of the Santander Group - told the Guardian: "Santander UK is consolidating some of its branches - only where our detailed, two-year research shows we can continue to provide the level of service needed to the local community."

By Tony Aynsley

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