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Hundreds of bank branches at risk of shutting.

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  • Hundreds of bank branches at risk of shutting. (slide 1 of 3)
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The take

6 October 2023

A big thanks to the Australian Broadcasting Corporation (ABC) and Kate Ainsworth in particular for her deep dive into effective banking populations around the country, picking up on our recent research to highlight specific threats and opportunities across the banking network.

With changing consumer & physical banking trends a topic of fierce debate, we're delighted to add some colour the issue and have identified hundreds of 'at-risk' banks and locations (displayed interactively in the article) highlighting the need for structured network planning approach from the country's major providers.

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Given the millions of data points AreaSearch deals with, and the automated way in which we collect and collate this data, we believe it is best to put out a number of 'micro-updates' as regular posts, while providing our major economic and sector review documents on a less frequent basis.

We believe the Instagram format is ideal for updates of this nature and have integrated our posts to align with this style as much as possible. We hope this provides our clients with a quick reference point, across any device, to easily access and assess the latest trends likely to influence their portfolios.