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HSBC to close more than one in four bank branches in the UK

Next round of 114 site closures between April and August 2023 will cut total to 327

HSBC is to shut a further 114 branches in the UK – more than a quarter of its network – after claiming use of its outlets by regular customers has plummeted by two-thirds in five years.

Early last year, HSBC had 593 branches, but the latest round of closures, scheduled to take place between April and August next year, will take that number down to 327. The bank has already shut 69 branches this year, on top of 82 axed last year.

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