News Formal

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

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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 ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

KBC closes major deal with Bank of Ireland ahead of Irish market exitBank of Ireland and KBC have completed a major transfer of assets as the latter bank prepares to pull out of Ireland
Source: thejournal_ie - 🏆 32. / 50 Read more »

BOI completes acquisition of KBC portfoliosBank of Ireland has confirmed that its acquisition of a number of portfolios from departing lender, KBC Bank Ireland, has been completed.
Source: RTEbusiness - 🏆 16. / 61 Read more »