Bank office report 2019 Development of the bank office network in 2019

The consolidation process in the German banking sector continued in 2019, particularly on account of the highly competitive environment and the associated need to further reduce costs. Whilst in 2018 the fall in the number of institutions was slowed down somewhat as a result of additions in the context of international banks preparing for Brexit, numerous closures and conversions of branches of British securities trading banks intensified the downward trend in 2019.