Standard Bank closes 91 branches

14 March 2019

Approximately 1 200 jobs at Standard Bank [JSE: SBK] will be impacted as the financial services provider embarks on a new banking delivery model.

According to a statement issued by Standard Bank on Thursday afternoon, a total of 91 branches will be closed as the bank opts for a digital banking offering for consumers. The vast majority of these branches will be closed by June 2019, the statement read.

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