ECONOMY - FINANCE - BUSINESS / Banks

Number of bank branches and employees continues to fall, says EBF

Strasbourg, 13/09/2017 (Agence Europe)

The contraction in terms of staff numbers and branches in the European banking sector continued in 2016, according to figures published by the European Banking Federation (EBS) on Tuesday 12 September.

With the development of digital banking services, European banks have seen their staffing levels fall over the last few years. In 2016, 2.8 million people worked in banks in Europe, compared to 2.85 million one year earlier and 3.26 million in 2008.

Another observation the EBF makes concerns...