KBC Bank pushed into €41 million loss for 2020 despite positive third quarter figures
However, the Belgian-owned bank saw a ‘record number’ of mortgage applications in the third quarter.
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However, the Belgian-owned bank saw a ‘record number’ of mortgage applications in the third quarter.
There have been calls for the allegations to be fully investigated.
Loans from so-called sub-prime lenders are four times more likely to be in arrears than those from the mainstream banks
The bank is planning a blitz targeting new customers throughout the year.
The profit comes after the agency took a €1.27 billion hit to cover bad loans.
Richie Boucher says his bank can’t keep absorbing ECB hikes – and that it’ll have to pass on any future increases.
So far in 2011, Ireland’s only domestic lender outside State control has almost halved its pre-tax losses.
Provisions for bad loans and support for mortgage customers drag down profits at the Irish subsidiary of RBS.