Banking
KBC investors to get €1 billion payout after sale of Irish business
The company, which is withdrawing from the Irish market, recently offloaded a large group of loans to Bank of Ireland
KBC will return €1 billion to investors as a result of selling its Irish operations, the lender has announced.
The firm which is based in Belgium, said that the payout will either be by way of a share buyback or extraordinary dividend, or both, subject to approval from regulators at the European Central Bank.
“We were able at the end of last week to announce the closing of the sale of substantially all of KBC ...
