The recent trend for Italian banks to
shut down branches continued in 2024, when 508 closed, taking
the total number below the 20,000 mark, according to data from
the Fiba Foundation reported by the First Cisl trade union on
Friday.
The report said that almost half of Italy's municipalities were
now without a bank branch.
"The (bank-branch) desertified municipalities are getting
increasingly bigger," said First Cisl secretary general
Riccardo Colombani, warning that mergers in the banking sector
could further accelerate branch closures and job losses.
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