Royal Bank of Scotland, Douglas

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The Scottish authorities has referred to as for a assured minimal stage of banking providers after RBS proposed a sequence of department closures.

Enterprise minister Paul Wheelhouse has urged the UK authorities to take steps to make sure communities have entry to day-to-day banking providers.

Mr Wheelhouse stated the 62 branch closures announced on Friday was a “physique blow to our excessive streets”.

The UK authorities stated it didn’t intervene with business selections.

Mr Wheelhouse has written to Financial Secretary to the Treasury Stephen Barclay concerning the closures, which account for a couple of in three of the financial institution’s Scottish branches and can see the lack of about 158 jobs.

Within the letter, he stated: “I’m deeply involved on the Royal Financial institution of Scotland’s announcement that they’re to make additional deep and damaging cuts to their department community in Scotland.

“I’m certain that additionally, you will have concern on the charge of department closures at RBS, and NatWest. Scotland is happy with its banking heritage and has executed a lot to construct the trade globally and RBS has grown because of its capacity to depend upon a loyal buyer base right here, by way of good occasions and dangerous.”

He stated the announcement of the closures would depart many communities with out prepared entry to important day-to-day banking providers.

The cuts, he stated, would have an effect on among the most distant rural communities and market cities, with the worst impression felt by susceptible clients and small companies.

Forward of a gathering between the 2 governments anticipated on Monday, Mr Wheelhouse wrote: “I name on the UK authorities to ascertain and implement a assured minimal stage of service provision for important banking providers, recognising the significance of continued entry to banking for communities throughout Scotland, and throughout the UK.”

He added: “The UK authorities, because the financial institution’s majority shareholder, in our view, ought to use its affect by way of not agreeing to any closures in areas the place no face-to-face alternate options are in place, and may require the Royal Financial institution of Scotland to make sure that sensible and sustainable different banking providers are put in place earlier than any closures are signed off.”

A Treasury spokeswoman stated: “The choice to open and shut branches is a business determination taken by the administration group of every financial institution.

“The federal government doesn’t intervene in these selections. However we perceive the impression that closures can have on communities and other people’s jobs.

“Banks should now give clients as a lot discover as attainable when a department is closing, and guarantee they’re made conscious of the choices they’ve domestically to proceed to entry banking providers.”