KBC Bank Ireland plc was a bank in Ireland with offices in Dublin, Cork, Limerick, Galway, Waterford and Belfast.
 | |
| Company type | Public |
|---|---|
| Industry | Finance |
| Founded | 14 February 1973 in Dublin, Ireland |
| Defunct | 30 April 2024 |
| Headquarters | Dublin, Cork, Limerick, Galway, Waterford and Belfast |
Key people | Peter Roebben (CEO) |
| Products | Multiple banking products |
| Total assets | Loan Book of €10 Billion and Deposits of €5 Billion (2016) |
Number of employees | 1000 (2016) |
| Website | www.kbc.ie |
It was established in 1972 as Irish Intercontinental Bank. In 1978 KBC Bank, which is headquartered in Brussels, acquired a 75% interest.[1] KBC Bank acquired a full 100% shareholding in IIB in 1999,[1] and in 2000 the bank's name changed to IIB Bank.[2] On 27 October 2008, the 30th anniversary of KBC's majority ownership, the bank was renamed KBC Bank Ireland plc.[citation needed]
KBC Bank Ireland provided a wide range of banking services including Corporate, Commercial and Business Banking, Private Banking and Treasury & Capital Markets. Its mortgage division, KBC Homeloans, was a leading mortgage provider in Ireland.[citation needed]
KBC began operating a branch network in 2012[3] with a further build-out in 2014.[4] This followed the exit of Halifax Ireland and Danske Bank from the Irish retail market, with some branches being located in former locations of those banks.[citation needed]
KBC initiated a high-profile property repossession in Strokestown, in County Roscommon in December 2018. Following this, there was a violent attack by a gang of masked men on the team employed by KBC to occupy the house.[5]
In April 2021, KBC entered into talks with Bank of Ireland to sell its performing loan book and announced its intention to withdraw from Ireland. [6]
KBC in Ireland
editKBC had 1000+ employees in Ireland in the following companies:
- KBC Bank Ireland plc
- KBC Fund Management[citation needed]
References
edit- ^ a b Creaton, Siobhan. "Belgian bank buys full control of IIB, Irish Life Finance". The Irish Times. Retrieved 16 October 2020.
- ^ "Bank changes name and logo". The Irish Times. Retrieved 16 October 2020.
- ^ "KBC Bank Ireland opens first retail branch". RTÉ News. 10 December 2012.
- ^ KBC Bank expands Irish retail network Business World, 12 August 2014 (Archived by Wayback Machine on 12 August 2014)
- ^ "Roscommon eviction: family member weighs case against KBC". The Irish Times. 3 January 2019.
- ^ "KBC looking to leave Irish banking market with sale of loans to Bank of Ireland". Irish Examiner. Retrieved 16 April 2021.
External links
edit
- Annual Reports KBC Ireland
- KBC Homeloans
- KBC Ireland
- KBC Bank & Insurance Group (Archived)