Tags Digital Banking
The number of bank branches in the Czech Republic has been significantly decreasing in recent years. At the end of 2016, there were 2,046 bank branches in the country, 8% less than in 2013. By the end of 2018, it is expected that there will be an even greater decrease in the number of branches and that total bank branch numbers will be less than 2000. It should be noted that, while larger banks are closing branches, online banks are increasingly finding a need to have branches for customers to visit, with many planning on opening branches in the coming years.
This trend in the closure of branches around the country also resulted in a cessation to the growth in the number of employees in the banking sector. Banks are, however, still active in recruiting digitization specialists as well as administrative personnel capable of dealing with banking regulations.