The number of commercial bank branches in Austria, measured in establishments per hundred thousand adults, has been on a declining trend from 2013 to 2023. The year-over-year variations indicate significant yearly decreases, with a notable drop of 37.49% in 2020. An increase was observed in 2021 with a 66.44% rise, followed by a decrease of 12.06% in 2022 and a recovery of 6.91% in 2023 to 11.61 units per hundred thousand adults. The Compound Annual Growth Rate (CAGR) trend over the last five years up to 2023 is negative at -0.56%.
Future trends to watch for include the forecasted continuation of the decline in the number of branches, with a -0.9% CAGR expected over the next five years. This suggests that digital transformation and a shift towards online banking may continue to reduce the demand for physical bank branches in Austria.
