The Bank of Spain has closed the branch in San Sebastian on May 31
The Bank of Spain announced yesterday the closure of seven of its 22 branches, one of which is located on Garibay's Road, San Sebastian (see DV 9 August), May 31, 2011 with the aim of "improving efficiency" of financial and human resources available.
Also they are going to close the offices of Ceuta, Melilla, Logroño, Pamplona, Santander and Toledo, which are those with less activity, according to the Bank of Spain.
Therefore, from June 2011 the entity will have fifteen branches: Alicante, Badajoz, Barcelona, Bilbao, A Coruña, Las Palmas, Malaga, Murcia, Oviedo, Palma, Seville, Tenerife, Valencia, Valladolid and Zaragoza.
The activity of the seven branches will close accounts for only 9.3% of the total network because its operations with credit institutions are very restricted, as well as individuals who have alternative channels, or postal mail Internet-to steps such as buying debt or making complaints against banks. The closures will not involve layoffs, as the 58 people working in seven offices may request a transfer to other offices.