British banking group Lloyds is set to close 100 branches as part of a three-year cost-cutting plan, which is expected to affect 325 jobs.

The move will affect 54 Lloyds, 22 Halifax and 24 Bank of Scotland branches across the UK. The closures will take place from July to October this year.

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A bank spokesperson said that the move is in response to accelerated adoption of digital banking services by customers and less use of branches.

“We are committed to working through the changes announced today in a careful and sensitive way. All affected employees have been briefed this morning, and our recognised unions, Accord and Unite, were consulted in advance and will continue to be consulted throughout the process,” the spokesperson said.

“Our branches will continue to play a vital role in our multi-channel approach to meeting the full range of customer needs, and we expect to continue to have the biggest branch network in the UK,” the spokesperson added.

Trade union Unite expressed its resentment over the bank’s decision. 

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Unite national officer Rob MacGregor said: "The continuous stream of branch closures announced by the UK's retail bank branches appears to show no signs of ending. The loss of a further 100 local banks will be painful for high streets across the country to absorb."

The latest move comes shortly after Lloyd’s announcement to reduce the size of hundreds of its branches. The bank now plans to launch micro branches that will not have counters and will be housed by as low as two employees equipped with tablets.