(Reuters) – Deutsche Bank plans to cut the number of its Postbank branches from around 550 to 300 by mid-2026 as it adapts to changing demand, a spokesperson said in a written statement on Monday.
The exact details of its plans will be finalised during negotiations with worker representatives shortly.
Deutsche began the acquisition of Postbank, with its millions of clients and roots in the country’s postal system, in 2008 during the global financial crisis but struggled for years to integrate it.
(Reporting by Friederike Heine; writing by Matthias Williams; editing by Rachel More)