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Reactions to National Bank Closure in Neapolis

Editorial Newsroom by Editorial Newsroom
octubre 18, 2025
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Αντιδράσεις προκαλεί το κλείσιμο της Εθνικής Τράπεζας στη Νεάπολη – monemvasianews.gr

In a significant development that has sparked controversy, the management of the National Bank has reportedly decided to close the branch in Neoapolis and merge it with the one in Molai. This decision has left the local community in turmoil, as residents fear the further decline of the Vatika region.

Notably, the closure mirrors a previous action taken by Piraeus Bank, which also shut down its branch, a move that would leave Neoapolis with only one operational bank, that of the Bank of Piety. The Vatika region is a densely populated area within the Municipality of Monemvasia, boasting a rich commercial and agricultural activity. Geographically, it is quite distant from Molai, which exacerbates potential access issues for residents, especially those needing to travel to the latter for banking services.

In a letter, Monemvasia’s Mayor, Iraklis Tricheilis, underscored the severe economic ramifications of this move. He emphasized that the Neoapolis branch serves thousands of freelancers, farmers, and employees, particularly noting the challenges elderly citizens face, many of whom are not well-versed in new technology. The branch closure would necessitate a daunting 50-kilometer journey for simple transactions, further complicating their financial access.

Regional Councilor Manolis Makaris also expressed his disapproval, labeling the potential closure as another blow to already struggling local communities. His concerns resonated with the greater local populace, highlighting how the lack of banking facilities could impede residents, particularly the elderly, from accessing vital services conveniently.

Furthermore, Ioannis Panaritis, President of the Laconia Chamber of Commerce, described the disturbance within the local community caused by this decision. He warned that the elimination of direct banking services would irreparably harm the enterprise and agricultural activities in the Vatika region. He pointed out that long-time supporters of the National Bank now face the prospect of adapting to a new reality that may compel them to rely on web banking or undertake lengthy trips to nearby cities for essential services.

As discussions continue surrounding this contentious decision by the National Bank, many hope that concerns raised by local leaders and residents will lead to a reevaluation of the proposed changes, emphasizing the critical need for accessible banking services in rural areas.

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