KBC planning to exit Irish market and sell loans to Bank of Ireland | JOE.ie

The bank has €8.9 billion of performing loans and €1.4 billion of impaired loans, mainly mortgages, according to group figures for the end of last year.KBC Bank Ireland CEO, Peter Roebben, said that customers don't need to take any action as a result of the announcement.

"The Board and the Executive Committee of KBC Bank Ireland are fully conscious of our responsibilities to our customers and colleagues, and the role of KBC as part of the Irish banking system, and we are fully committed to assuming those responsibilities while the talks with Bank of Ireland are ongoing."

Speaking on RTÉ’s Morning Ireland, Donohoe said he received a call last night from the chief executives of both banks to inform him of their decision.

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KBC could exit Irish market as talks start with BoIKBC announcement this morning is 'particularly difficult' for staff to hear about, said Minister for Finance Paschal Donohoe. He also said the rights of existing customers are 'fully protected in any scenario' | Read more:
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