Why US banks aren’t renting out their office space for clients
The banks that operate in the US have a hard time renting out office space in order to grow.
While the majority of banks have the option of leasing space, a large number of smaller banks don’t have a plan to do so.
That’s according to a recent report by US Bankers Association, which found that of the top 100 banks, only 19 percent of them had a plan in place to grow their office base.
Some small banks have decided to open up their offices as rental options instead of just making money on rent.
But the big banks are still struggling to get the business in the first place.
“The vast majority of the big players have not made a real effort to grow office space,” wrote US Banker.
“They’re not doing anything to expand their footprint and they’re not planning on doing anything about it.”
The US Bank Business Plan, published last year, outlined several steps banks can take to get their office business growing, including expanding the number of staff, hiring more IT staff, expanding credit card processing and customer service capabilities, and building and opening new office spaces.
However, the report also said that it’s likely that more small banks are not going to start expanding office space anytime soon.
“There’s a lot of small banks that are not doing a lot to get into office space and are not able to afford to rent office space to clients,” said US Bankber.
“It’s a big market for banks.
It’s not something that you see being pursued by all banks.
Banks have the ability to expand office space if they want to do it.
The only way to do that is to invest in office space.”