Deutsche Bank intends “as soon as possible” to close one fifth of its 500 branches in Germany, reported the head of private clients at the largest German bank, Philipp Gossow, quoted by the “Frankfurter Allgemeine Zeitung” daily.
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Deutsche Bank wants to expand telephone and video advice and online banking.
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Other requirements
– As a result of the coronavirus pandemic, the requirements for consulting and industry activities have changed further. Even customers who couldn’t do much with online banking in the past can now perform a lot of simple banking operations on their computer, said Gossow.
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He also explained that most of the branches will be closed in cities where DB has several branches.
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Closing branches will help you save a lot of money. Like Commerzbank, which is currently thinking of even sharper cuts in its branch network, Deutsche Bank still needs to do a lot to meet its financial targets, writes FAZ.
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