As online and mobile banking is gaining rising popularity, the number of bank tellers, branch offices and ATM's is declining at a rapid pace.
According to the Financial Services Commission on March 28, the number of employees hired by the nation's banking industry totaled 114,775 as of the end of 2016, down by 2,248 from a year ago. This was the largest annual decline in six years since 2010 (2,372).
The number of bank branches and ATM's also marked the steepest decline since related statistics started being compiled in 2000. The number of bank offices stood at 7,103 at the end of last year, down by 175 from a year before.
The number of basic financial automated devices such as ATM's totaled 48,474 at the end of last year, down by 2,641 from a year earlier. The amount of the banking industry's offline transactions that were made through branches and automated devices fell 15.5 percent year on year.
As the number of Internet and mobile banking users is growing, the banking industry is promoting the integration of its branch offices nationwide.