Out of office: KBC returns to profit and ICS reduces mortgage interest rates

A round-up of the business news you might have missed

ICS Mortgages, the Irish lender, announced that it plans to reduce interest rates across its new residential variable and fixed-rate mortgages. The firm said it would cut rates by up to 0.5 per cent from Monday, August 9 and that fixed interest rates would start from 1.95 per cent, while variable interest rates would start from 2.45 per cent. Under these new rates, ICS said a typical first-time buyer taking out a 30-year mortgage of ...