KBC chief says costs to be slashed over next four years
The lender’s costs stem from its high level of non-performing loans, which fell 13 per cent to €1.4 billion last year
KBC is to slash its costs over the next four years and run down its legacy non-performing loan levels, its chief executive has said.
The bank’s cost-to-income ratio stood at 85 per cent at the end of last year. Johan Thijus, KBC’s group chief executive, told analysts last week that the bank planned to reduce that figure to 50 per cent in the coming years.
“We are working in that perspective on a...
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Bank of Ireland buys most of KBC Bank Ireland’s performing loans and liabilities
BOI will acquire €8.8 billion of performing mortgages, €0.3 billion worth of non-performing home loans and €4.4 billion of deposits
AIB agrees sale of non-performing loans to Mars Capital for €400 million
The cash, the bank said, will be used for general corporate purposes, including the continuation of support for customer restructuring
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