Deutsche Bank with Branch Clearing: These locations are closed in Bavaria, Hesse and North Rhine-Westphalia

Deutsche Bank is serious about planned site modifications. One in five branches in Germany must be closed by the end of the year.

Frankfurt / Main – With the planned reduction of nearly 100 branches, Deutsche Bank wants to use the red pencil, especially in large cities and North Rhine-Westphalia. In the most populous federal state, 37 locations will be closed, including four in Düsseldorf and three each in Cologne and Essen, according to an overview published Friday on the house of money home page. Germany’s largest financial institution relinquishes four locations each of Munich, Hamburg and the banking city of Frankfurt.

“When selecting locations, we made sure that the distances to the next branch in the countryside were not too far,” said Philipp Gosso, who heads the Deutsche Bank brand’s private client business in Germany. Handelsblatt. “In city centers, it is also possible to be there for customers who have fewer locations.”

Deutsche Bank: One in five branches must be closed by the end of the year

Germany’s largest financial institution plans to close the last 497 branches of the Deutsche Bank brand by the end of 97. About 450 full-time jobs will be abolished. The institute recently reached an agreement with the staff regarding reconciliation of interests. Jobs will be cut in a socially acceptable manner, including early retirement, partial retirement and severance payments.

“We want and will be present in all areas.” 400 branches are a good number for that, which should remain largely stable in the coming years, “Gusso of DPA said.” More and more customers are benefiting from digital banking services. ” This trend has accelerated due to the Corona * pandemic. Seven branches will be converted into so-called investment centers. In the past fiscal year, the bank returned to the black market for the first time in six years. (dpa / utz) * Merkur.de is part of IPPEN.MEDIA.