Santander UK to Close 95 Branches, Affecting 750 Jobs

In a significant move to modernize its operations, Santander UK has announced plans to close 95 branches, which could result in the loss of approximately 750 jobs. This decision is part of a broader strategy to update the bank's presence and adapt to changing customer needs.

"Closing a branch is always a very difficult decision. We spend a great deal of time assessing where and when we do this and how to minimize the impact it may have on our customers," a Santander UK spokesperson explained to CNBC.

By June 2025, Santander UK's network will be reduced to 349 branches. This includes 290 full-service branches, 36 with shortened hours, 18 counter-free branches, and five Work Cafes. This restructuring reflects the bank's commitment to evolving its services to meet the demands of the modern banking landscape.