Changes in the Banking System: Decrease in Branches and Digitization
May 5, 2025
The banking system has undergone significant changes in recent years, with branch closures and a shift towards digitization. Since 2013, the number of branches and ATMs has drastically decreased, alongside major bank mergers. The COVID-19 pandemic accelerated these trends, resulting in further contraction of the banking network and staff reduction. Data from the Bank Association highlights this development with specific figures for 2024.