BPI reduced its workforce by a net 144 employees in 2021, leaving it with 4,478, and closed 76 points in its distribution network, including 63 bank branches.
BPI, one of Portugal’s largest non-state banks, last year reduced its workforce by a net 144 employees, leaving it with 4,478, and closed 76 points in its distribution network, including 63 bank branches, its CEO, João Pedro Oliveira e Costa, announced on Wednesday.
At a news conference, Oliveira e Costa said that at the end of 2021 the bank had 4,478 employees, or 144 fewer than a year earlier, while the distribution network comprised 349 commercial units, down 76, with 63 of those closed being regular branches, eight ‘premier’ banking centres and five corporate and institutional centres.
According to the CEO, of the employees who left, 139 took early retirement or voluntary redundancy.
In a statement, the bank said that its recurring structural costs in 2021 were down 0.4% on 2020 reflecting a 2.9% drop in personnel costs and general administrative expenses and a 25.8% rise in depreciation and amortisation, “essentially explained by investment in software and work on buildings.”