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Bank of Ireland completes acquisition of €9bn of KBC assets

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Bank of Ireland was given approval for the deal to purchase billions euro of loans and deposits from KBC, subject to a number of conditions

Bank of Ireland has completed its acquisition close to €9 billion worth of loans and deposits from KBC Bank Ireland.

In a stock market update on Friday evening, the lender confirmed it had concluded the deal, which saw it has acquire a €7.8 billion loan portfolio as well as €1.8 billion in deposit accounts. The KBC loan book consists of €7.6 billion of performing mortgages, around €100 million in SME and consumer loans, as well ...

 

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