KBC is exiting the Irish market.
Bank of Ireland is to buy most of KBC Bank Ireland's loans as part of a 5 billion euro deal.
The companies have entered into a legally-binding agreement that will see BOI acquire around 8 billion euro worth of performing mortgages, along with performing commercial and consumer loans, deposits and some non-performing mortgages.
KBC is due to exit the Irish market and says customers don't have to take any immediate action at this point.
Bank of Ireland says the acquisition is supportive of the group’s financial objectiveshttps://t.co/pAHxJNiOJB
— The Irish Times (@IrishTimes) October 22, 2021

Families Could Face €1,000 Rise In Annual Food Bills Amid Farming Crisis
Over Half of Cigarette Packs Surveyed In Newbridge And Naas Had No Irish Duty Paid
Celbridge Brewery CEO Warns Of Mounting Costs Facing Craft Beer Sector
Amhrán na Laoch Songwriting Competition Confirmed for Irish Music Month 2026
Government Announces Major Overhaul of Anti-Money Laundering Rules
Maynooth University Hosts Special Solar Eclipse Event This Evening
Johnstown Mother Says Today's Solar Eclipse Means Something Extra Special For Her And Her Son
Three Men Detained In Kildare And Dublin Garda Stations Following Brothel Keeping And Organised Prostitution Arrests