KBC aiming to challenge big Irish banks

Belgian group opts to stay in 'sound and attractive' market

9th February, 2017
KBC Bank Ireland reports strong 2016 results. Pic: Naoise Culhane

Belgian banking group KBC has announced that it is remaining in Ireland, adding that the country will become one of its core markets.

More than 1,000 staff at KBC Bank Ireland had been awaiting the outcome of a strategic review of the business. The news came as the Irish arm reported net profits of €227m for last year, up from €75m in 2015.

“KBC Bank Ireland will strive to achieve at least 10 per cent...

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