{"id":26562,"date":"2016-09-20T01:19:46","date_gmt":"2016-09-19T18:19:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-that-puts-its-money-on-developing-local-branches-letters\/"},"modified":"2016-09-20T01:22:45","modified_gmt":"2016-09-19T18:22:45","slug":"bank-that-puts-its-money-on-developing-local-branches-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-that-puts-its-money-on-developing-local-branches-letters\/","title":{"rendered":"Bank that puts its money on developing local branches | Letters"},"content":{"rendered":"


\nIn his gloomy assessment of the future of bank branches, Patrick Collinson holds up as a benchmark for determining the number of branches a bank needs the criteria outlined by Nationwide director Graeme Hughes, which involves concentrating on areas of highest population density, meaning that \u201ctowns with a population much below 10,000 \u2026 are not really worth having a branch in\u201d (Why 3,000 bank branches must close, On reflection, Money, 17 September). Surprisingly, Collinson fails to mention the banks that are opening branches. For instance, Sweden\u2019s Handelsbanken has more than doubled its presence in the UK in four years and marked the opening of its 200th branch in the UK a year ago. In 2001, it had only six branches in Britain. Its philosophy, unlike that of Graeme Hughes, is to intensify decentralisation in order to get closer to its customers and develop a customer base in each branch\u2019s community. To facilitate this, each branch is run autonomously.David HeadNavenby, Lincolnshire\u2022 Patrick Collinson observes that he has not visited his local bank this year, and that some branches see just a handful of people a day. Could the reason be that UK\u2019s banks no longer offer the local expertise that used to pull people in? There was a time when managing a branch meant keeping tabs on local small businesses and using their experience to grant (or decline) requests for overdrafts and loans. But for today\u2019s giant banks it is much easier to have HQ assess a \u00a310m loan to a developer in Dubai than it is to maintain an informed local network capable of making 100 loans of \u00a3100,000 in the UK. Society grants our banks the huge privilege of creating demand deposits, ie money, by issuing overdrafts and loans. Those running the UK\u2019s centralised, profit-maximising banks don\u2019t appear to recognise the obligation for a quid pro quo.David Chambers Stroud, Gloucestershire Continue reading…
\n
\nSource : theguardian.com
\nRead more…Bank that puts its money on developing local branches | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In his gloomy assessment of the future of bank branches, Patrick Collinson holds up as...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-26562","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6Uq","jetpack-related-posts":[{"id":26354,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-3000-bank-branches-must-close\/","url_meta":{"origin":26562,"position":0},"title":"Why 3,000 bank branches must close","date":"September 17, 2016","format":false,"excerpt":"\r The average branch handles only 71 customers a dayI\u2019m the Money editor of the Guardian, but have not made a single visit to my bank this year. My deputy has called in at his branch about three times. Web Money editor Hilary Osborne says she\u2019s been just twice, each\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/has-lloyds-come-up-with-a-credible-shrinking-bank-branch\/","url_meta":{"origin":26562,"position":1},"title":"Has Lloyds come up with a credible shrinking bank branch?","date":"November 4, 2017","format":false,"excerpt":"\r Halifax, Bank of Scotland and Lloyds micro-branches have replaced counters with iPadsIt\u2019s not just bars of chocolate, new homes and glaciers that are getting smaller \u2013 so are bank branches. Over the coming weeks and months, Lloyds Banking Group will be shrinking some of its existing high street outlets\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-shutting-four-bank-branches-a-week\/","url_meta":{"origin":26562,"position":2},"title":"HSBC shutting four bank branches a week","date":"December 14, 2016","format":false,"excerpt":"\r Consumer body Which? calculates that banks have closed 1,000 branches in past two years as online banking growsHSBC has revealed that it is shutting more than four branches a week and that at least 57 more will be axed in the first few weeks of 2017. High-street banks have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67958,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/current-account-and-a-coffee-its-the-bank-with-a-barista\/","url_meta":{"origin":26562,"position":3},"title":"Current account and a coffee? It\u2019s the bank with a barista","date":"October 2, 2017","format":false,"excerpt":"\r Many banks are closing high street branches, but Lloyds is launching a whole new conceptIt looks like a US tech giant\u2019s office, complete with its own coffee shop, chic \u201cbreakout pods\u201d, the latest biometric technology and an events programme. But it\u2019s actually a new Lloyds Bank branch in Manchester.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10238,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/atom-becomes-uks-first-digital-only-bank\/","url_meta":{"origin":26562,"position":4},"title":"Atom becomes UK\u2019s first digital-only bank","date":"April 8, 2016","format":false,"excerpt":"\r With no branches or call centres, all contact is via an app through which customers can talk to a 30-strong service teamYour iPhone can now be your bank branch as a result of a new digital banking service that launched on Tuesday.Based in Durham, Atom Bank has become the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-towns-and-villages-running-out-of-hard-cash-says-report\/","url_meta":{"origin":26562,"position":5},"title":"UK towns and villages running out of hard cash, says report","date":"October 17, 2016","format":false,"excerpt":"\r Study by Federation of Small Businesses says bank branch closures, lack of cash machines, and poor-quality ATMs are causing banknote shortagesTowns and villages across the UK are running out of hard money due to bank branch closures, a shortage of cash machines and erratic service from poor quality ATMs,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26562"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=26562"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26562\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=26562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=26562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=26562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}