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Wednesday 22 March 2023 Dublin: 10°C

# KBC Bank

Last month
February 2023
# Transfer
KBC closes major deal with Bank of Ireland ahead of Irish market exit
Bank of Ireland is acquiring substantially all of KBC Bank Ireland’s performing loan assets and deposits.
Last year
# Probe
Watchdog clears Bank of Ireland €9 billion KBC deal despite 'significant' concerns
The sale would see Bank of Ireland acquire KBC’s performing loan assets.
# The Banks
Exiting Ulster Bank gives customers six-month 'deadline' to repay their overdrafts
But bank officials said the lender will remain flexible and urged customers having difficulties to come forward immediately.
# The Banks
Competition authority launches full probe into Permanent TSB's €7.6 billion Ulster Bank deal
The investigation will determine whether the proposed acquisition could lead to a substantial lessening of competition in the State.
# The Banks
Flurry of announcements caps off noteworthy week for Irish banks and their customers
Stakeholders say the industry is staring down the barrel of one of the biggest logistical challenges in its history.
# KBC Bank
KBC Bank extends its account closure notice to six months
The original timeframe was 90 days.
# Account Switch
Central Bank tells sector 'more needs to be done' for customers hit by KBC and Ulster Bank closures
Both Ulster Bank and KBC Bank are winding down their operations in Ireland.
# The Banks
Ulster Bank gives current and deposit account customers six months' notice to switch providers
Separately, KBC Bank announced yesterday that from June, customers will get 90 days’ notice to move their accounts.
All time
# The Banks
Competition watchdog launches full probe of Bank of Ireland proposal to buy KBC Bank loans
The CCPC said an in-depth investigation was required to determine whether the deal would weaken competition.
# The Banks
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.
# tracker mortgages
Banking Culture Board not commenting on individual reports after KBC's €18.3 million fine
Central Bank investigations into three other banks are ongoing.
# The Banks
Explainer: Why Irish banks are being accused of 'profiteering from the pandemic'
Developments in recent days have undermined the banks’ positions.
# Cutbacks
Overwhelming majority of Irish people expect austerity to return after the pandemic
Opposition parties and trade unions have made strong statements in recent weeks against possible public spending cuts.
# Johan Thijs
Calls for head of KBC group to apologise after comments about 'annoying' tracker mortgage scandal
More than 40,000 people were affected by the scandal.
# strokestown
Roscommon family in controversial eviction case given one month to leave home
The eviction gained national media attention last December.
# Falsk
KBC seeks fresh injunction to force family at centre of controversial Strokestown eviction to leave property
The eviction gained national media attention last December.
# irish banking culture board
'It won't happen overnight': Launch of new body to improve culture in Irish banks
The board is funded by the five pillar banks and chaired by a retired Court of Appeal judge.
# it's the economy stupid
Salaries predicted to rise by 5% on average this year as employers forecast Irish jobs Brexit boost
Consumer sentiment was strong in January as spenders wait to see how Brexit will affect their pockets.
# Eviction
TDs meet with KBC Bank and say they don't want return to days of the Black and Tans
Mattie McGrath, Michael Collins and Carol Nolan met with the bank’s reps in the wake of violent scenes in Roscommon.
# KBC Bank
'Yellow vest' protesters demonstrate at KBC headquarters as gardaí probe Dublin attacks
A KBC building was also set alight on Thursday night in Dublin city centre.
# KBC Bank
Gardaí investigating fire at KBC building in Dublin city centre
The alarm was raised last night and a fire was extinguished in the lobby.
# Baggot Street
Occupation of KBC Bank branch ends after talks about evictions 'settled'
Three TDs and a dozen members of the Land League had staged a protest in the Baggot Street branch of the bank since 2pm.
# High Court
Court rules that KBC are entitled to repossess properties belonging to Jerry Beades
The financial lender claims that more than €2 million in loans to the anti-eviction activist remains outstanding.
# Balbriggan
Court descends into chaos as bank accuses Dublin couple of failing to vacate their home
Gordon Smith was removed from the court by gardai after refusing to say whether he would abide by a new court order to vacate the Balbriggan property.
# compensation
Galway couple overcharged €1.23 million by KBC Bank on their mortgage
The couple were overcharged on mortgages for a number of investment properties.
# Courts
Judge criticises 'meaningless' legal 'advice' issued to couple evicted from their home
KBC Bank issued a repossession order to the couple.
# payment failure
‘Not good enough’ - KBC customers left frustrated as payments delayed
Customers have reported previous problems with payments before Bank Holiday weekends
# we're staying
These are the reasons why KBC has decided not to leave Ireland
The bank also announced it will have a new focus on small business lending.
# Committed
KBC Ireland committing to business in Ireland, safeguarding 1,000 jobs
The company’s Irish profits increased by over €150 million in one year.
# KBC Bank Ireland
'Very real concern' among KBC workers as bank to decide its future in Ireland on Thursday
The results of a strategic review of KBC Group’s Irish activities will be announced this coming Thursday.
# Banking
Central Bank fines KBC Bank Ireland €1.4 million for "repeated breaches" on lending codes
KBC was found to have breached Central Bank rules on 18 separate occasions.
# Steady as She Grows
Life in the slow lane: Irish business outlook 'steady' compared to bullish 2013
After major improvements towards the end of 2013, Irish businesses are making slower progress this year.
# stalled recovery
Whose recovery is it anyway? Many left behind as the economy accelerates
Saddled with debt and facing little prospect of wage growth, many Irish people aren’t feeling the benefit of the economic turnaround.
# Out the door
On the way out? KBC Bank considers a sale of its Irish outfit
The Belgian outfit is focused on returning to profitability within two years, but then says that all options are on the table.
# End of the tunnel
'The shortest bankruptcy in the world' - IMHO agrees three month debt deal with banks
The mortgage holder’s advocate has struck a deal with two major banks and hopes more will follow.
# Feeling Sentimental
Business sentiment hits 7 year high
But changes in the level of activity are “fairly modest”.
# spend spend spend
Consumers 'gradually recovering from the extreme difficulties'
How are you feeling about spending more money?
# stephanie meehan
Priory Hall resident whose partner died by suicide welcomes 21 day timeline for solution
Minister Phil Hogan has tasked Department of Environment officials with the job of talking to all the stakeholders at the Donaghmede complex and proposing a solution within the next three weeks.
# Banking
KBC Bank to open eight branches and target new customers
The Belgian-owned bank is hoping to attract 10 per cent of the retail banking market with a new current account.
# Jobs
Better business conditions mean 'more firms are hiring'
A new survey from KBC Bank Ireland and Chartered Accountants Ireland looks at business sentiment in the country, and says Irish business activity has strengthened.