Two Cardiff Lloyds bank branches to close down

HIGH-STREET bank Lloyds is to close two branches in Cardiff.

It comes at the bank has announced that 15 branches closures across the UK.

The Lloyds in Cardiff affected are its Cardiff Bay branch and its business branch in the centre of the city.

Up to 23 jobs will be lost as a result of the move, with all 15 branches scheduled to close by the end of next March.

Union Accord said the closures have so far been managed without compulsory redundancies.

A Lloyds spokeswoman said: “We have confirmed the locations of a small number of Lloyds bank branches which will close between January and March 2019.

“These branch closures are in response to changing customer behaviour and the reduced number of transactions being made in branches.

“All branches announced for closure have a post office less than half a mile away so customers can still access their banking locally. We continue to make a significant investment in our branches and we are proud to have the largest network of branches in the UK.”

The announcement comes after Lloyds recently swung the axe on 380 jobs in the lender’s commercial banking, people and productivity, and retail and transformation divisions.

Under boss Antonio Horta Osorio, the bank has been pushing forward with an overhaul of its workforce and branch network in recent months, aiming to make it more relevant amid a boom in digital banking.

Earlier this summer, Lloyds announced a further 405 job losses, but said its staff base would ultimately only be shrunk by 255 roles as 195 would also be added.