Fermanagh South Tyrone Sinn Féin Sinn Féin -- Building an Ireland of Equals

Bank closures are set backs for rural towns and villages

Published: 21 November, 2014

Sinn Féin MP Michelle Gildernew has said that closure of the Aughnacloy branch of Ulster Bank is a major setback for the village.

Ms. Gildernew said: "The announcement by Ulster Bank that it is to close the Aughnacloy branch is a major blow to the entire rural community.

"Apart from the threat of local jobs losses, local banks will lose relationships built up with its customer base over the years by dealing face to face with them which is something that Internet banking cannot replace.

"There is also a problem with internet access in rural areas which will mean customers having to travel to either Enniskillen, Omagh Dungannon or Armagh to access their nearest branch

"If the Aughnacloy branch is closed it will also mean that other businesses will feel the knock on effect as footfall in the village will be down.

"This is the latest in a line of banks removing services to the rural communities and highlights, unfortunately the devastating impact that the lack of investment in rural areas is having.ENDS