Royal Bank of Scotland: Closures

HM Treasury written question – answered on 18th April 2017.

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Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs)

To ask Mr Chancellor of the Exchequer, how many local bank branches of the Royal Bank of Scotland have closed in each of the last five years.

Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs)

To ask Mr Chancellor of the Exchequer, what discussions his Department has had with (a) Professor Griggs and (b) the British Bankers' Association on the independent review of the British Bankers' Association Industry Protocol.

Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs)

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential merits of recommendations made by Professor Griggs in the independent review of the British Bankers' Association Industry Protocol.

Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs)

To ask Mr Chancellor of the Exchequer, whether officials of his Department have met with officials from HSBC recently to discuss the closure of local banks across the UK.

Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs)

To ask Mr Chancellor of the Exchequer, whether he has had discussions with representatives of Lloyds Bank on the closure of its local bank branches across the UK.

Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs)

To ask Mr Chancellor of the Exchequer, what discussions officials in his Department have had with officials in RBS on the closure of local bank branches across the UK.

Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs)

To ask Mr Chancellor of the Exchequer, what assessment he has made of the efficacy of the Access to Banking Protocol.

Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs)

To ask Mr Chancellor of the Exchequer, whether he has received representations from (a) parliamentarians, (b) members of the public and (c) professional bodies on the closure of local bank branches and the effect on local communities.

Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

The Treasury does not collect data relating to bank branch closures.

Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

The Chancellor of the Exchequer and other Treasury Ministers receive numerous representations concerning the impact of bank branch closures, which are taken into consideration in the development of Government policy. However, decisions on the opening and closing of individual bank branches are taken by the management of each bank on a commercial basis without intervention from Government. For this reason, the Government welcomed the industry-wide Access to Banking Protocol and Professor Griggs’ independent ‘one year on’ review, published last November.

While banks and building societies need to balance customer interests, market competition, and other commercial factors when considering their strategy, the Government is pleased to see that the industry is committing to further improvements to protect those affected by branch closures.

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