Bank of Cyprus to close 15 branches

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Bank of Cyprus to close 15 branches
 © In-Cyprus 2019
Bank of Cyprus is closing 15 branches as it restructures its branch network, adapting to a shift to online banking.

In an internal memo to employees obtained by the Cyprus News Agency, BoC said that staff will be reassigned to other branches, depending on needs.

The branches that will affected will be announced in next few days.

The move will cut down on operating costs. There will be no staff cuts, but personnel will be transferred to other branches and other duties.

According to the memo, 75% of bank transactions are carried out online. For individuals, the...

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Bank of Cyprus to close 15 branches

The contents of this article including any associated images are © In-Cyprus 2019
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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