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KBC shares updated redundancy terms with staff
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KBC Ireland reports profit after tax of €21m in H1
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Updated / Tuesday, 11 May 2021
07:27
KBC Bank Ireland added 9,600 new current accounts in the first three months of 2021
KBC Bank Ireland has reported a net profit of €8m after tax and impairments for the first quarter of 2021.
The bank announced last month that it was in discussions about the possible sale of its performing loan assets and liabilities to Bank of Ireland.
In a trading statement today, the bank said that while the talks with Bank of Ireland are ongoing, it remains fully committed to offering quality retail banking, investment and insurance services.
There is no immediate impact for customers, it added.
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.
KBC to exit Irish market KBC to follow Ulster Bank as latest lender to leave Ireland as it enters talks with Bank of Ireland about the acquisition of its business 16th April, 2021
KBC’s exit from the market would leave just Permanent TSB, which is interested in acquiring a significant portion of Ulster Bank’s business, alongside Bank of Ireland and AIB as major retail banks operating here. Picture: Rollingnews.ie
KBC Bank Ireland is set to become the latest lender to exit the Irish market after entering talks with Bank of Ireland about the acquisition of its business.
In a joint statement issued this morning, the two lenders said they had entered into a memorandum of understanding “expressing the parties’ intention to explore a route that could potentially lead to a transaction whereby Bank of Ireland commits to acquire substantially all of KBC Bank Ireland’s.
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