Deutsche Bank accelerates closing of Postbank branches By Reuters

October 26, 2021 admin Stock News 0

© Reuters. FILE PHOTO: The headquarters of Germany’s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo

BERLIN (Reuters) – Deutsche Bank (DE:) will accelerate the closing of its Postbank branches and aims to have 550 branches by the end of 2023, 200 fewer than now, the Handelsblatt newspaper reported on Tuesday, citing a Deutsche Bank executive.

Philipp Gossow, who oversees the retail banking business in Germany, told Handelsblatt that Deutsche Bank had signed an agreement that allowed the earlier closing of 100 branches which otherwise would have shut in 2024 and 2025.

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