Belgian-owned bank KBC Bank Ireland (KBC) announced early last month that it was in talks to sell its €9bn of performing (operating as per its terms and conditions) loans - mainly mortgages - to Bank of Ireland. The bank’s impaired (non-performing) loan book of €1.4bn will likely be bought by a vulture fund, but currently this is unclear. Overall, KBC Bank intends to exit the Irish market. Staff update Last Tuesday, KBC Bank Ireland told its 1,300 staff by email that they will remain secure in their jobs until at least the end of October 2021. The bank did not provide any clarity on whether the staff will transfer with the planned loan book sales.