SNS Bank in Diemen to Reduce Number of Branches

SNS Bank in Diemen to Reduce Number of Branches

The SNS Bank branch located in the Diemerplein shopping center, part of the Volksbank, is set to undergo significant downsizing, transitioning entirely to a franchise model.

Fewer Branches, More Franchise Operations

The number of SNS Bank branches managed by franchisees, including the Diemen branch, will be reduced from 148 to a range of 110 to 130. The restructuring plan involves merging franchise locations where possible and closing others accordingly.

Transition to Franchise Model

The 46 remaining company-owned SNS Bank locations will either shift to the franchise model or face closure, based on feasibility. Specific details on which branches will be affected by the downsizing have not yet been disclosed by the Volksbank.

Impact on Customers

Current SNS and RegioBank customers have access to over 600 branches. The Volksbank anticipates reducing this number to approximately 320-360 branches in the foreseeable future.