Barclays

Barclays has confirmed that it is looking to reduce its presence in several countries. After closing British expatriates' bank accounts where worth less than £100,000 in Malta, Greece and Cyprus, in 2015, Barclays is proceeding with further reductions in its presence overseas. It is planning to shut down its Cypriot offices while services to Cyprus-based customers will continue to be provided from its UK-based offices. The bank plans to close both its offices in Limassol and Nicosia, noting that “the majority of Barclays’ clients in Cyprus have bank accounts based in London and will continue to receive banking services from London.”