Austerity – This 188 branches of Deutsche Bank are closed – Süddeutsche.de

• 188 the nationwide 723 locations will be closed 30 rural locations are converted into “financial agencies”.
• The German bank wants to save and responds by its own account also the fact that more and more customers online use banking.
• As part of its austerity the German bank wants a cut of nearly 3,000 full-time positions.

the German bank closes in the next few months 188 of its 723 stores nationwide. On Sunday the Frankfurt Institute published on the Internet a list of sites that are to be closed. Most North Rhine-Westphalia is then affected, where 51 stores are closed up. In Bavaria there are eleven, alone eight branches in Munich.

Some branches would merged into “larger, significantly more powerful locations,” it says on the website. For example, the previous customers of the branch Reichenhall must in future go to Rosenheim, if they want to visit a branch. Even the headquarters will not be spared by the thinning of the network, in Frankfurt making five branches close. With the closures, the bank wants to reduce his costs.

The Institute had already announced in June as part of its austerity measures that over a quarter of the stores to be closed in Germany. It responds by its own account also the fact that more and more customers use online banking. contrast, fewer people used the opportunity to come into a branch, said the private customers Board of Deutsche Bank, Christian Sewing, on Sunday the news agency dpa . Of the 188 stores that are closed should be about 30 converted at rural sites “financial agencies”.

This should therefore continue to pursue a large part of today’s consulting services and feature self-service zones with ATMs. Sewing reiterated the German bank would by 2020 around 750 million euros to invest in expanding its digital offering

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nearly 3,000 jobs are eliminated

in order to increase despite continued interest rate lows their income, the German bank will also increasingly rely on wealthy clients. In each branch, it should in future give specific advice on Investments. But the number of experts will be increased. Business with business and corporate customers should be “greatly expanded”.

As part of its austerity the German bank had also previously announced that almost 3,000 full-time jobs disappear. Of this, approximately 2,500 accounts for private and corporate customer business. Affected are, inter alia, asset management and risk management.

About the layoffs addition, the Institute withdraws from ten foreign markets and evaporated and Investment Banking divisions. Last year, the German bank had reported a record loss of 6.8 billion euros because of the start-up costs for the restructuring of the Group

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