Wednesday January 22, 2020

KBC Irish loan provisions head for €400m this year

Belgian bank KBC sees its Irish loan provisions closer to €400 million than €300 million as its ratio of non-performing loans grew, its chief executive said.

16th May, 2013
In April, KBC Bank Ireland said it received a €125 million capital injection from its Brussels-based parent.

Belgian bank KBC sees its Irish loan provisions closer to €400 million than €300 million as its ratio of non-performing loans grew, its chief executive said.

Johan Thijs was speaking on a conference call and his comments were reported by Bloomberg News. He said that first quarter Irish loan loss provisions were €99 million, following total provisions of €547 million in 2012.

In the first quarter, the bank’s ratio of non performing loans was 24.0 per...

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