The number of bank branches fell to the lowest in 25 years - Inteliace Research
12:54
The number of bank branches fell below 10,000 in the first quarter of 2023, reaching the lowest number in over 25 years, according to Inteliace Research. In the first quarter of 2023, there were 9,845 banking outlets in Poland, including 5,725 branches of commercial banks, 3,377 cooperative banks, 710 branches of credit unions, and 33 branches of foreign banks.
“The process of closing bank branches in Poland began around 2009-2010, when the network of branches was the largest in history and amounted to 18,000 points, counting all types of outlets along with credit unions and agencies" - said Inteliace Research analyst and author of the report Marcin Mazurek.
In the following years, Inteliace Research expects the dynamics of decline to slow down to 3-5% per year, which means the closure of about 300-400 branches per year.
