KBC Bank reveals reason it is keeping a presence in Ireland

KBC Bank says it is here to stay after confirming its commitment to Ireland.

On Wednesday, the bank shut down speculation it was pulling out of the market, alleviating the fears of more than 1,000 staff.

Among the reasons to affirm Ireland as a core market are the young population, growing economy and positive economic outlook.

Group CEO Johan Thijs said: "The biggest reason why we took the decision of staying, and further building the bank, is that it is a profitable financial institution.

"And that for us is key."


More in this Section

Better systems can aid business of giving money to tackle poverty

Pound recovers losses after UK's crunch Brexit vote

Ireland under fresh attack from EU on corporation tax

Datalex shares tank by nearly 60% as losses loom


Lifestyle

Take a look inside the rockstar-themed rooms on Virgin’s new cruise ship

Set to be a bridesmaid or a groomsman this year? Here’s your ultimate wedding party checklist!

As Kate Moss turns 45, here are 7 style lessons we’ve learned from her

New series explores Ireland's remote townlands and its people

More From The Irish Examiner