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Central Bank speaking optimistically about pace of Russia's economy recovering to pre-crisis levels

Central Bank speaking optimistically about pace of Russia's economy recovering to pre-crisis levels
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KBC in talks with Bank of Ireland as it signals plans to exit Irish market


KBC in talks with Bank of Ireland as it signals plans to exit Irish market
The Finance Minister said this is a “very significant event” for the banking sector.
By Orla Dwyer
Friday 16 Apr 2021, 7:25 AM
2 hours ago
44,806 Views
108 Comments
File image of KBC bank in Dublin.
Image: RollingNews.ie
Image: RollingNews.ie
KBC BANK IRELAND has entered into talks with Bank of Ireland which could lead to BOI acquiring “substantially all” of KBC’s performing loan assets and liabilities. 
This could result in KBC’s withdrawal from the Irish market.
KBC said this purchase is “subject to customary due diligence, further negotiation and agreement of final terms and binding documentation”.  ....

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'Deeply worrying development': Union raises concerns over KBC's potential exit from Irish market


Deeply worrying development : Union raises concerns over KBC s potential exit from Irish market
Journal.ie
2 days ago
© RollingNews.ie
File image of KBC bank in Dublin.
KBC HAS ENTERED into talks with Bank of Ireland which could lead to BOI acquiring “substantially all” of KBC’s performing loan assets and liabilities. 
This could result in KBC’s withdrawal from the Irish market.
KBC said this purchase is “subject to customary due diligence, further negotiation and agreement of final terms and binding documentation”. 
KBC’s remaining non-performing mortgage loan portfolio is not part of the Memorandum of Understanding (MoU), a type of agreement between the two banks. ....

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