Physical Bank Branches Falter as Digitalization Trend on The Rise

Bank branches decreased by 19.8 percent to 25,344 on November 2022 from 2018.

Bisnis.com, JAKARTA – In recent years, the number of bank branches has consistently decreased in line with the rapid growth of digitization in financial services.

Financial Services Authority (OJK) Banking Statistics data on Nov 2022 revealed that commercial bank offices fell to 25,344 from 32,332 a year earlier. During the same period, bank branches decreased to 3,450 units from 3,583, while the number of commercial banks remained the same at 107 companies.

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