8 Jan, 2017 @ 09:59
1 min read

Sabadell bank to close hundreds of branches due to ‘digital transformation’

sabadell bank

sabadell-bankSABADELL bank has announced it will close some 250 branches across Spain in 2017, shedding at least 800 jobs.

The closure accounts for 12% of the bank’s network and is part of a wider process of closures being carried out by the financial sector as a whole.

It said the closures are necessary to adapt ‘to the unstoppable digital transformation that affects all fields of activity, including the banking sector,’ citing consumer habits that increasingly include the use of mobile devices.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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