HomeBussinessKBC returns licence to operate as bank in Ireland

KBC returns licence to operate as bank in Ireland

Date:

Related stories

Roscommon v Mayo : Preview, Stats, Teams, Live Scores & Betting

Group 2: Roscommon v Mayo – GAA Championship Showdown Match Preview The...

Irish golf prodigy Tom McKibbin ready for tough test as he defends Open crown

TOM MCKIBBIN hopes a defense of his European Open...

Westmeath v Galway : Preview, Stats, Teams, Live Score & Betting

Group 1: Westmeath v Galway – GAA Championship Clash Match...

ICC T20 World Cup 2024: SWOT Analysis Of Team Ireland

The Irish cricket team shows a mix of promise...

Ladies Gaelic Football Association unveils 50th anniversary commemorative jersey – Ladies Gaelic Football

https://www.youtube.com/watch?v=YAlH5FsrCbo THE Ladies Gaelic Football Association is delighted to unveil...
spot_imgspot_img

KBC has officially returned its licence to operate as a bank in Ireland to the regulator, bringing to an end to the lender’s five-decade long connection with the country.

In a short statement, the Central Bank of Ireland said the European Central Bank had approved the revocation of the licence of Exicon DAC, the company that was formerly KBC Ireland.

Three years ago the bank announced it planned to exit the Irish market.

It subsequently sold most of its performing loans and its deposit book to Bank of Ireland.

The bank shut its last remaining branch and its online banking and app services last year.

Most of its staff have either transferred to Bank of Ireland or left under a redundancy scheme.

KBC Bank Ireland’s origins date back to 1973 when Irish Intercontinental Bank was formed.

Five years later KBC Bank bought a 75% share in the business and later renamed it KBC Bank Ireland.

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img