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Thursday, February 11, 2016

AM calls for summit talks over bank closures

North Wales Lib Dem Assembly Member Aled Roberts has called on the Welsh Government to hold round-table meetings with the main retail banks to find out if community services can be set up to replace closing branches.
 
In an Individual Member Debate in the Assembly Mr Roberts (pictured) said: “Access to banking services is key, not only to small businesses and retailers, but to individuals, voluntary and charitable groups in communities throughout North Wales.
 
According to the Campaign for Community Banking Services, community banks and banking centres offer a cost effective way to sustain a branch presence in vulnerable communities, extend coverage and opening hours and reduce banks’ operating costs.
 
"The first step offered by the community banking model would be a shared banking franchise. For some very small rural communities with no banking presence, a limited shared branching franchise could sit alongside an existing post office franchise.”
 

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