Claudio de Sanctis, the bank’s head of private banking, confirmed that the number of Postbank branches would be whittled down to approximately 300 during an interview with the Financial Times this week.
Of the 300 remaining locations, 100 are expected to shift their attention exclusively to servicing the banking needs of on-site customers, while 200 will continue to offer Postbank’s postal and parcel services.
De Sanctis says that there is a possibility that Deutsche Bank’s own bank branches, of which there are 1,443 worldwide, could also be scaled back, but didn’t provide any further clarity on when this might happen or what the move will look like.