Three Raiffeisen bank branches to close by end of year

Luxembourg’s Raiffeisen bank has taken the decision to close three of its branches by the end of the year, according to a recent report.

The information was revealed in a report by RTL, but despite the announcement, when contacted by Luxemburger Wort, Raiffeisen board member Yves Biewer stated that no jobs are  threatened.

The branches affected are those in Clervaux in the north of the country, Wormeldange in the east, and Noerdange in the west of Luxembourg.

The plan for the Clervaux branch is to transfer it to a shopping centre nearby in Marnach, where it will share a common space with a Post outlet.

The bank's strategy is not to reduce the number of branches, but rather to adapt to changing customer habits and strengthen its presence at certain strategic points, Biewer explained.

Another of the announced measures will be the reinforcement of their home visiting service, and the expansion of the Redange agency.

Raiffeisen bank currently has 41 branches in Luxembourg.

(Adam Walder, adam.walder@wort.lu, +352 49 93 9721)