KBC unlikely to sell off Irish arm as bank returns to profit

KBC unlikely to sell off Irish arm as bank returns to profit
KBC carried out a review of its Irish operations and in February said it would retain the bank, which was heavily loss-making as a result of soured commercial loans

The bank has repeatedly been linked as a potential merger partner for Permanent TSB or Ulster Bank in an effort to create a third force in Irish banking

KBC is unlikely to sell off its Irish operations given its increasingly important role in the Belgian bank’s overall business and its return to profitability.

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