Norwegian lender DNB Bank has announced plans to slash 600 full-time jobs and reduce 59 personal banking branches in 2016 as more customers use digital banking services.
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DNB group executive vice president and head of personal banking Norway Trond Bentestuen said: "Customers make extensive use of our self-service channels, and therefore it is a logical consequence to adjust our physical distribution network.
"Consequently, we will reduce the number of branches serving our personal customers from 116 to 57 during the first six months of this year."
DNB will still have branches in all counties of the country following the latest reduction in branch network, the bank said in a statement.
The bank further said that it will shrink its corporate locations from 63 to 46, as well as increase the number of employees at customer service centre.
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By GlobalDataThe staff reductions will be done through voluntary measures, said Bentestuen.
