Reduction in the number of Bank branches and employees in the Republic of Cyprus between 2012 and 2022

7 comments

1. 1/5^(th) of the branches, and they still close early.

2. from 848 only 162 shops are left but employees are only cut in half, not /8. I wonder what all these excess employees are doing.

   Edit: not /8 but I think I relayed the idea

   Edit no.2: In 2022 according to this if we’re talking about an even distribution each store had 40 employees working there. Wtf

3. One small detail, Bank of Cyprus absorbed Laiki and thus almost all of Laiki branches were shut down. Which makes sense and doesn’t look like some evil plot like the image suggests.

4. This is what makes bank shareholders horny

5. Meanwhile Revolut can do business with zero branches.

6. Such tragedy

7. I only had issues with the banks in Cyprus; since I got Revolut, all problems have been resolved. From the process of creating an account to changing your address after you move, everything is a hassle. Not to mention the fees they charge when you want to transfer money abroad, the number of employees will only drop further if their service stays the same.