Survey Results
 
 
       

Survey BB-23 :
There has been considerable publicity around the issue of bank branch closure. The recent move by Barclays is part of an industry wide trend, which has been going on for several years and is set to continue.


Question NumberQuestion
Q1Does the trend of bank branch closures pose a serious problem for your business?
Q2How important is the physical location of your bank to you?
Q3Businesses in this area have a large number of banks to choose from.
Q4There is considerable variation in the range of services provided by banks in this area.
Q5My current bank offers much better services than other banks in the area.
Q6I think the precise location of my bank will become less and less significant in the future.
Q7The benefits of banking via the Internet outweigh the advantages of a local branch.
Q8To what extent is your business constrained by skill shortages?
Q9To what extent is your business constrained by a lack of finance?
Q10To what extent is your business constrained by low market demand?
Q11Over the last 3 months, has your business:-
Q12Over the next 3 months, do you expect your business to:

(1) Does the trend of bank branch closures pose a serious problem for your business?
ResponseTotal answers: 196
%
1 Highly9.2%
26.1%
319.9%
425%
5 Not at all39.8%

(2) How important is the physical location of your bank to you?
ResponseTotal answers: 196
%
1 very important25.5%
219.9%
329.6%
412.8%
5 Not very important12.2%

(3) Businesses in this area have a large number of banks to choose from.
ResponseTotal answers: 193
%
1 Strongly agree24.4%
224.9%
334.7%
48.8%
5 Strongly disagree7.3%

(4) There is considerable variation in the range of services provided by banks in this area.
ResponseTotal answers: 194
%
1 Strongly agree4.6%
211.9%
325.3%
419.6%
5 Strongly disagree10.8%
6 Don't Know27.8%

(5) My current bank offers much better services than other banks in the area.
ResponseTotal answers: 195
%
1 Strongly agree4.6%
214.4%
327.7%
423.1%
5 Strongly disagree6.7%
6 Don't Know23.6%

(6) I think the precise location of my bank will become less and less significant in the future.
ResponseTotal answers: 195
%
1 Strongly agree24.6%
233.8%
316.4%
411.3%
5 Strongly disagree13.8%

(7) The benefits of banking via the Internet outweigh the advantages of a local branch.
ResponseTotal answers: 194
%
1 Strongly agree8.2%
211.3%
331.4%
427.3%
5 Strongly disagree21.6%

(8) To what extent is your business constrained by skill shortages?
ResponseTotal answers: 196
%
1 Highly8.7%
228.6%
324%
421.4%
5 Not at all17.3%

(9) To what extent is your business constrained by a lack of finance?
ResponseTotal answers: 196
%
1 Highly12.8%
219.9%
325%
419.4%
5 Not at all23%

(10) To what extent is your business constrained by low market demand?
ResponseTotal answers: 196
%
1 Highly15.8%
216.8%
323.5%
429.1%
5 Not at all14.8%

(11) Over the last 3 months, has your business:-
ResponseTotal answers: 196
%
Expanded significantly (more than 10%)14.3%
Expanded somewhat (between 5% to 10%)38.8%
Remained static30.6%
Declined somewhat (between 5% to 10%)11.2%
Declined significantly (more than 10%)5.1%

(12) Over the next 3 months, do you expect your business to:
ResponseTotal answers: 196
%
Expand significantly (more than 10%)10.7%
Expand somewhat (between 5% to 10%)50%
Remain static33.7%
Decline somewhat (between 5% to 10%)3.6%
Decline significantly (more than 10%)2%