Updated / Friday, 16 Apr 2021 09:32 KBC Bank Ireland said it has entered into a Memorandum of Understanding with Bank of Ireland for most of its loans KBC Bank Ireland has announced that it is in discussions about the possible sale of its performing loan assets and liabilities to Bank of Ireland. KBC said the deal, if coupled with a separate sale of its non-performing mortgage loan portfolio, would ultimately result in the bank's withdrawal from the Irish market. It said it has entered into a Memorandum of Understanding with Bank of Ireland, which could see Bank of Ireland committing to buying "substantially" all of KBC Bank Ireland's performing loan assets and liabilities.