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NatWest To Close Polish Branches By 2025 With 1,600 Jobs Axed

A high street branch of Natwest bank

British bank NatWest has announced it will close its business in Poland by the end of 2025, resulting in the loss of approximately 1,600 jobs. 

This move is part of a consolidation strategy to streamline its financial crime operations.

The teams will be moved into two hubs in Britain and India. 

A NatWest spokesperson said 45 percent of the roles in Poland will be eliminated permanently.

They said the remaining 55 percent will be transferred to the other two countries, where equivalent positions will be created.

The decision followed the completion of a specific financial crime project in Poland.

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This left the current positions redundant and prompted a broader review of the bank’s presence in the country. 

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NatWest Chief Executive Paul Thwaite said the bank aims to become a simpler and more efficient organization. 

The closure of the Polish operations comes as the bank prepares to return to full private ownership for the first time since the 2008 financial crisis. 

This process, however, has been delayed due to Britain's July 4 election.

The vote has affected the timing of the government's public share sale. 

In February, NatWest reported a 20 percent increase in annual profit, benefiting from higher lending returns driven by rising interest rates.

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