Royal Bank of Scotland has confirmed the closure of four Lanarkshire bank branches, which were previously granted a reprieve amidst ongoing scrutiny.
Despite hopes outlets might remain operational while the effects of new financial regulations were assessed, RBS management has resolved to shut them down, with future closure dates yet to be announced.
A total of 11 branches are being shut including Cumbernauld, East Kilbride, Rutherglen and Wishaw.
This development occurs in the wake of fresh guidelines from the Financial Conduct Authority (FCA), which require banks to more thoroughly consider the cash needs of local communities before closing branches.
The NatWest Group, owner of RBS, had indicated that due to the new rules, it was collaborating with the FCA to “ensure we are supporting customers in locations where our branches are due to close later this year”.
When RBS were queried about the possibility of the branches staying open, a spokesperson stated: “We’re fully compliant with our regulatory obligations around closures.
“We’re taking the opportunity to further review the detail on cash services available to customers following the closure of some branches that we’ve scheduled to close in the coming months. Following the conclusion of these additional processes, the branches will close.”
A statement on the RBS website added: “The way people bank with us has changed dramatically in recent years, with an increased demand for mobile and online services as customers benefit from a faster and easier way to bank.
“Closing a branch is a decision we take very seriously. We know it can affect people who are less confident with the alternatives we offer, and we’ll always work hard to guide you through the changes and find the best way to serve you from now on.”
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