🚨 Russian Banks Close Record Branches $BTR
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In the last four years, Russian banks shuttered ~1,700 branches, 3.6× more than the previous year.
📉 Total branches down to 22,300 from 30,000 in seven years.
💡 Why it matters:
Shift toward digital banking
Economic & regulatory pressures
Reduced access to loans, deposits, and local banking services
Russia’s banking landscape is restructuring fast, impacting communities and the economy. 💥🏦