Sunday August 9, 2020

KBC aims to be profitable in Ireland by 2016

KBC’s key priority in Ireland is to become profitable from 2016 onwards but it may then sell the subsidiary, it said in a statement this morning.

17th June, 2014
KBC said that it would consider “all available options” for its Irish subsidiary in 2016.

KBC’s key priority in Ireland is to become profitable from 2016 onwards but it may then sell the subsidiary, it said in a statement this morning.

Once the Irish arm of the bank is profitable, KBC said that it would consider “all available options”. It listed the choices that it would then consider as “whether to organically grow a profitable bank, build a captive bank-insurance group or sell a profitable bank.”...

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