Consumer Protection AgencyRegrets over further branch closures in the banking sector

RTL Today
The union for consumer protection (ULC) issued a press release on Monday regarding the series of closures.

BGL BNP Parisbas announced on Thursday that it would close seven of its branches, which came in light of a similar decision taken by BCEE in March:

RTL Today article: Seven BGL branches to close (23 Oct 2020)ULC criticises this decision in a statement released on Monday, noting that especially senior citizens and vulnerable people will suffer from negative implications. The union argues that banks also have a social responsibility they need to fulfil, which seems to be completely ignored by management.

The statement thus reminds the bank that the institution had been saved by tax-payer money not too long ago. Minister of Finance Pierre Gramegna is moreover criticised for failing to regulate both governmental banks BCEE and Post.

PDF: ULC press release (VO)

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