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Bank Austria Plans Radical Reduction of Branches
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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…
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