A third of BNP Paribas agencies are expected to close by 2030

Exclusive information obtained by Les Echos reveals that BNP Paribas plans to announce to the bodies representing its staff the closure of a large part of the banking agencies that currently make up its network in France. This announcement is due on March 26th. It is part of a broader strategy now carried by the French bank but by a trend of international funds

FACTS

• Nearly a third of the agencies that currently make up BNP Paribas' network in France are expected to close by 2030.

• A total of nearly 500 agencies are affected by this wave of future closures, as the French bank has nearly 1,500 outlets currently spread over French territory.

• This wave of closure should promote an internal mobility plan for its employees concerned. This effort will be driven in particular by the bank's ambitions to increase its teams' competence, defended by another strategic plan announced on the occasion of the announcement of its annual results 2024.

• Discussions on this subject would be held by the French bank with trade union organisations.

ISSUES

• Accelerate action already underway BNP Paribas does not launch a new strategy for managing its network of agencies. The latter was already being reduced, with an average of 50 closures per year in recent years.

• Defending a new strategic plan In addition to announcing these agency closures, BNP Paribas plans to present its new strategic plan for its Commercial Banking in France (BCEF) division in the near future. This division covers BNP Paribas' retail, commercial and private banking activities.

PERSPECTIVE

• If some alternative actors like to create small events around the opening of physical sales outlets dedicated to improving their customer relations, the trend has been marked, for many years now, by the reduction of networks of physical agencies by traditional banks.

• This strategy is, of course, a response to the rise in digital services and the desertification of physical outlets by customers increasingly accustomed to managing their account and distance relationships, especially since the pandemic.

• And the situation is not only seen in France since the United Kingdom Done (where the Announcements large-scale closures continue). In Germany, Deutsche Bank also comes to announce the elimination of 2000 jobs and the substantial reduction of its network.

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