HSBC Bank Malta has announced that it will be closing nine of its branches by next year while increasing its services at its other branches.
The branches which will be closed by the end of this year are in Birzebbugia, Cospicua, Fgura, Hamrun, Marsascala, St Julian’s and St Paul’s Bay. The ATMS and deposit machines will be retained.
Next year, the branches in Qormi and Balzan will also be closed, and instead a new branch will be opened which will part of the bank’s main offices in Qormi.
In a statement the bank said that the decision was taken to reflect the way that today’s clients are using the bank and so that the bank can invest in its other branches.
It said that its branches in Valletta, Mosta, Paola, Sliema and Rabat, Gozo. will provide better services, parking and longer hours if there is an agreement with the bankers’ union.
Apart from this, new wealth management centres will be opened in Birkirkara, Mosta, Paola and Swieqi.
The branches in Birkirkara, Gzira, Swieqi, Rabat, Zejtun, and Zurrieq will continue to operate with the current services, while at the branches in Mellieha, Zabbar, Zebbug and San Gwann, investment will be made in centres for client services.