Kiwibank is planning to shut down its seven branches over the next year as more customers move to digital banking, NZ Herald reports. The state-owned bank revealed the proposed branch closures while announcing its half-year result, which saw its net profit rise $4m to $55m for the six months to December 2020. According to Chief Executive Steve Jurkovich, changing customer preferences and operational matters such as lease reviews, had resulted in a proposal to close seven branches over the next 12 months. Affected branches are in Balclutha, Gisborne, The Palms (Christchurch), Matamata, Onehunga, Waihi, and Waipukurau.