TSB, formerly owned by Lloyds Banking Group, has confirmed that it planning to open up to 30 new branches in the UK.

However, the bank declined to divulge where they will be located as they are still negotiating the acquisition of the new sites.

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Derek French, director of the Campaign for Community Banking Services (CCBS), told the BBC that most of the branches will be in London and the South East.

French added that TSB had inherited many branches in poorly located positions, so it needed to expand its network.

The move is quite surprising, given that more than 300 local branches have been shut down in Britain by banks this year.

TSB’s announcement comes a year to the day that it started trading as a separate entity following its split with Lloyds.

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It inherited its current network of 631 branches after Lloyds was ordered to sell them as a condition of its 2008 bailout.