KBC will not make bad loan provision despite ECB finding

22nd December, 2014

KBC Bank Ireland will not make any additional provisions for bad loans, despite a finding by the European Central Bank that it has under provided for mortgage defaults by over €323 million.

Speaking on the condition of anonymity, a senior source in the bank told The Sunday Business Post that it will not be increasing its provisions as a result of the exercise.“We’re not disputing the finding, but we know our case quite well. We...

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