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HSBC Extends UK Branch Guarantee to 2027 and Lifts Investment in High Street Network

The bank cites strong in-person demand and will put £55.8 million into upgrades next year to modernise sites and expand local access options.

Overview

  • The commitment covers all 327 HSBC UK branches and extends an earlier no‑closure pledge that ran to the end of 2025.
  • HSBC has earmarked £55.8 million for 2026, a roughly 30% increase on 2025, funding 100 branch upgrades, 29 Premier Centres, two Wealth Centres and improvements at 78 locations.
  • The bank reports average monthly footfall of about 825,000 branch visits and over two million transactions on self‑service machines across its network.
  • HSBC says it will broaden community access through HSBC Local events and participation in shared Banking Hubs alongside its branch refurbishments.
  • The move comes as more than 6,000 UK branches have closed since 2015, and follows Nationwide’s pledge to keep its 696 Nationwide and Virgin Money sites open until at least 2030.