Santander UK will not close any additional branches in its own network or in that of recently acquired TSB before 2028. Chief executive Mahesh Aditya said branches remain an important part of the group's strategy, committing to keep 305 Santander sites and 175 TSB sites open across the UK for at least nearly another 18 months. The move follows an earlier round of closures this year that marked 44 locations for closure and placed 291 roles at risk. Aditya, who succeeded former chief executive Mike Regnier on 1 March, said the group aims to combine leading digital services with personal support and does not intend to close any additional Santander or TSB branches before 2028 at the earliest. Santander UK completed its purchase of TSB from Sabadell in May, a cash deal valued at £2.65 billion, as it targets a return on tangible equity of 16% by 2028.
Banco Santander S.A.Santander UK halts branch closures, supporting its strategy and return on tangible equity target.
TSB branches will not be closed, indicating integration stability after acquisition.