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KBC Bank Ireland

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KBC Ireland Bank plc
Company typePublic
IndustryFinance
Founded14 February 1973 (1973-02-14) in Dublin, Ireland
Defunct30 April 2024 (2024-04-30)
HeadquartersDublin, Cork, Limerick, Galway, Waterford and Belfast
Key people
Peter Roebben (CEO)
ProductsMultiple banking products
Total assetsLoan Book of €10 Billion and Deposits of €5 Billion (2016)
Number of employees
1000 (2016)
Websitewww.kbc.ie

KBC Bank Ireland plc was a bank in Ireland with offices in Dublin, Cork, Limerick, Galway, Waterford and Belfast.

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

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KBC had 1000+ employees in Ireland in the following companies:

References

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  1. ^ a b Creaton, Siobhan. "Belgian bank buys full control of IIB, Irish Life Finance". The Irish Times. Retrieved 16 October 2020.
  2. ^ "Bank changes name and logo". The Irish Times. Retrieved 16 October 2020.
  3. ^ "KBC Bank Ireland opens first retail branch". RTÉ News. 10 December 2012.
  4. ^ KBC Bank expands Irish retail network Business World, 12 August 2014 (Archived by Wayback Machine on 12 August 2014)
  5. ^ "Roscommon eviction: family member weighs case against KBC". The Irish Times. 3 January 2019.
  6. ^ "KBC looking to leave Irish banking market with sale of loans to Bank of Ireland". Irish Examiner. Retrieved 16 April 2021.
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