Friday, 7 April 2017

A Threatened Species

Whenever I spot a branch of the Ulster Bank or indeed any bank my thoughts are drawn to Alan Brownjohn's poem, " We are going to see the rabbit." For those of you are unfamiliar with this particular poem I should explain that it is about the last rabbit in England.

We might be a few years away from the total decimation of branch networks but the small town or village branch or sub office is now a rarity. Nine branches of the Bank in Northern Ireland are to close their doors for the last time in October of this year. In the Republic of Ireland the Bank is closing twenty two branches. I know we are told that most people now bank online but many don't, particularly the elderly. For a small business that could previously lodge its takings in a bank that was a few hundred yards away a twenty five mile round trip to the nearest remaining branch does not just incur an additional cost but also adds a greater security risk. Maybe government should impose a community obligation upon Banks to force them to keep branches open even if they are not particularly profitable.

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