Lloyds Banking Group has revealed its intention to shut down a further 79 branches within the next year. This new wave of closures will affect 31 Lloyds Bank branches and 48 Halifax sites, adding to the previously announced closure of 95 branches earlier this year.
Following these closures, Lloyds Banking Group will be left with 531 branches across the country. The north-west and south-east regions of England will be significantly impacted, with 12 branches earmarked for closure in each area. Additionally, 10 branches in London are also scheduled to cease operations.
The banking group stated that more than 75% of the branches set for closure are located within a mile of another Lloyds Banking Group branch, and 95% have an alternative branch within a five-mile radius. A spokesperson for Lloyds Banking Group emphasized the availability of various banking options, including Community Bankers, the Post Office, PayPoint services, mobile apps, and a 24/7 messaging service, providing customers with increased choice and convenience.
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