Bank closures are disruptive to SMEs and may have a wider community impact: Ombudsman

By Yajush Gupta · 23 December 2021 · Finance

Bank closures are disruptive to SMEs and may have a wider community impact: Ombudsman

Bank Branch Closures Threaten SMEs and Communities

Regional communities are bracing for the impact of bank branch closures, but the government's task force may be too little, too late. Will SMEs be able to weather the storm?

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Summary

In October, the government announced a task force to assess the impact of bank branch closures in regional communities.