CIB Bank closing 12 branches in December
CIB Bank will close 12 of its branches in early December, bringing its total number of branches from 90 down to 83, Hungarian news agency MTI reported yesterday.
The bank said it would like to focus its resources where they are most required, based on customer demand and profitability. Some units of the bank will be relocated to larger branches, and wherever operation is not profitable, branches will be merged or shut down, the news agency added. Even after the closures, CIB will still have one of the the largest networks of bank branches in Hungary, MTI added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.