MKB Bank is set to close 15 branches to improve its cost efficiency, optimizing its countrywide network after investigating its work practices and deciding on making changes for the sake of sustainable and profitable operations, according to a press release sent to the Budapest Business Journal.
The branches will be closed in two phases, with the branches in the first phase closing on October 31, and the second phase to be carried out on November 30.
Branches in the first phase include MKBʼs units in Vác, Solymár, Tata, Kalocsa, in the Allee shopping mall in Budapest, and in the Árkád shopping mall in Szeged.
The second phase includes MKBʼs Budapest branches on Türr István utca and in the Westend mall, as well as its branches in Balatonfüred, Esztergom, Keszthely, Balassagyarmat, Hatvan, Kazincbarcika, and Orosháza.
The branches will continue to fully operate until the closure. According to the press release, clients will be able to use MKBʼs services in person at the companyʼs other branches and through its online system.
MKB Bank is set to retain about two-thirds of its employees affected by the closures.