. The study also projects 70% of account opening, deposits, and consumer loan applications will happen digitally in the next three years.This projection anticipates an acceleration of an existing trend, as 35% of bank branches in Europe closed over the last 10 years.
Banks must adapt to the coronavirus pandemic's lasting impact on digital banking usage and the resulting decline in branches throughout Europe.
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Europe bank stocks surging. Santander +10% Soc Gen +10% BBVA +9% BNP Paribas +8%
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