Deutsche Postbank closed 2,500 branches last year, 30 pct of total
Deutsche Postbank AG closed 2,500, or 30 pct, of its branches last year, a company spokesman told Boersen-Zeitung, confirming statistics from Germany’s Bundesbank.
The spokesman said the bank, which is majority owned by Deutsche Post AG, now has 6,500 branches in Germany.
He added that Deutsche Postbank closed its operations in Deutsche Post outlets where it had few customers.
The spokesman also said that 90 pct of Deutsche Postbank’s business comes from its 2,000 largest branches.
