Number of bank and credit union branches falls significantly

The former Permanent TSB branch at Lapps Quay in Cork which closed in 2012. Picture: Larry Cummins

The number of banks and credit unions branches in Ireland has fallen substantially over the last decade, with 117 fewer branches in 2019 compared to 2010 new analysis shows.

The survey of properties by GeoDirectory said the reduction in the number of bank branches can be attributed to the effects of the global financial crisis in 2008/2009 and a rapid growth in customers going online to do their day to day banking.