Reacting to the news that HSBC is to close two branches in his region, Peredur Owen Griffiths MS, who represents South Wales East for Plaid Cymru, said: “It is very disappointing to hear that HSBC plans to close their premises in Abergavenny, Blackwood and Pontypool next year.
“This decision – taken by a company that made after tax profits of more than $3 billion in the last financial year – will leave many vulnerable and elderly customers high and dry.
“Not everyone is familiar or comfortable with internet banking and not everyone is online. The digital divide in Wales is a real problem, especially when essential services like banking go online.
“This will force certain customers to travel further afield, at a greater cost to themselves, to do the things they could once do within their own community.
“Profits have been put before people by HSBC and that is a retrograde step.”
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