Lloyds Banking Group announces closure of a further 136 branches

LLOYDS Banking Group has announced plans to close 136 other streets throughout the United Kingdom, with 61 LLOYDS, 61 Halifax and 14 sites from Scotland Bank to be closed between May and March 2026.

The move comes after the bank saw that more and more customers drag daily transactions across digital platforms, as more than 20 million people now have now reached LLOYDS, Halifax and Bank of Scotland Services through applications.

Employees affected by the closure will be presented with alternative positions within the group, which is expected to be 756 branches that remain by the end of March next year – from the current total of about 932.

A spokesman for LLOYDS confirmed that the transformation of online banking services provides “more and ever -ever” option, although critics warn of the broader effects. Michelle Lawson, director of Lawson Financial, described the closure as “a possible death in the high street”, warning that the local foot may suffer and negatively affect independent companies. Likewise, Dariusz Karpowicz, Director of Financial Advice at Albion, noted that although the branch’s decrease is inevitable in a digital era, banks are risked with the exception of elderly and weak customers who rely on services face to face.

This recent announcement confirms the existence of a trend to accelerate away from the material branches in the banking industry in the United Kingdom, where more institutions depend on digital channels to meet advanced consumer customs.