Bank Austria Plans Radical Reduction of Branches

Published: February 22, 2013; 15:14 · (Vindobona)

The biggest Austrian bank wants to reduce the number of branches from 350 to 250 in the next two years.

Bank Austria Plans Radical Reduction of Branches / Picture: © UniCredit Bank Austria

In order to reduce costs, Bank Austria optimizes its branch structure. About a third of Bank Austria´s branches will be closed until 2015. According to Bank Austria´s CEO Willibald Cernko, downsizing measures are inevitable. This measure only concerns the branches in Austria.

Bank Austria´s CEO underlines that the behavior of customers has changed fundamentally in the last…

This article includes a total of 270 words.

or Log In