News

“Rolling in Profits” RBS Continues to Close local Branches

unite the unionUnite the union has called for an investigation into the continued closure by the Royal Bank of Scotland of many of its branches when it has just announced profit of £792m for the first three months of 2018.

Mary Alexander, Deputy Scottish Secretary of Unite said:

“Here we have it in the black and white on the RBS balance sheet – RBS is rolling in profits. Surely now its time for the bank to call a moratorium on the axe hanging over 62 branches in Scotland. After all this is now a totally different situation profit-wise to when the plans were made to close one in three branches”

At the Scottish Affairs Select Committee hearing in Westminster in January RBS directors told MPs that it would save £9.5m a year after closing the 62 branches.

Mary Alexander continued:

“RBS now has the chance to prove what its telling people that it is the Royal Bank FOR Scotland. What is the point of closing 62 branches to save next to nothing in the grand scheme of things against profits of three quarters of a billion pounds in three months. Time to call a halt to the closures to save the communities which stand now to face an economic whirlwind”

Royal Bank of Scotland Branch Closure Date in 2018
1 Linlithgow 27/06
2 Alloa 19/06
3 Bannockburn 15/05
4 Bridge of Allan 11/06
5 Dunblane 20/05
6 Kinross 25/06
7 Bonnyrigg 24/05
8 Dunbar 30/05
9 Duns 05/06
10 Eyemouth 11/06
11 Hawick 14/06
12 Jedburgh 18/06
13 Melrose 21/06
14 North Berwick 25/06
15 Penicuik 28/06
16 Selkirk 21/05
17 Aberdeen Bridge of Don 17/05
18 Banff 23/05
19 Dyce 31/05
20 Ellon 07/06
21 Huntly 14/06
22 Nairn 21/06
23 Turriff 26/06
24 Comrie 13/06
25 Dundee Stobswell 20/06
26 Montrose 06/06
27 Perth South Street 27/06
28 Aviemore 31/05
29 Beauly 06/06
30 Grantown on Spey 11/06
31 Inverness Queensgate – Business Branch 27/06
32 Tain 20/06
33 Tongue 14/06
34 Wick 17/05
35 Aberfeldy 07/06
36 Castlebay 14/06
37 Inveraray 21/06
38 Kyle 28/06
39 Mallaig 17/05
40 Pitlochry 31/05
41 Annan 25/06
42 Gretna 07/06
43 Langholm 30/05
44 Lockerbie 21/06
45 Glasgow Business Centre 20/06
46 Stepps 20/06
47 Airdrie 24/05
48 Bellshill 11/06
49 Biggar 31/05
50 Carnwath 25/06
51 Douglas Lanarkshire 21/05
52 Larkhall 04/06
53 Lesmahagow 19/06
54 Strathaven 07/06
55 Tannochside 14/06
56 Campbeltown 29/05
57 Kilbirnie 05/06
58 Kilwinning 11/06
59 Renfrew 14/06
60 Rothesay 26/06
61 Saltcoats 20/06
62 Hamilton Cadzow Street 28/06

Related story“Royal Bank of Scotland is the bank that breaks its promises”: Unite Scotland


 

1 reply »

  1. Way back, some years ago, when the RBS was first in trouble, there was something I didn’t understand.
    The bank was in trouble, big trouble, yet, everywhere I went, they had paid for huge adverts, and they were sponsoring football teams etc. The bank limped along, from one crisis to the next, still paying for huge adverts and sponsoring things, while closing branches. All shored up by public money. I still don’t understand this.
    Though, If I did understand that way of dealing with finance, I suppose I’d be a ….banker. No thanks.
    If I ran our domestic finances in the same way ,we’d be in the gutter.
    To quote Mr Micawber: “Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”

    Like

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