KBC records €136m Ireland loan loss

Belgian financial group KBC recorded €136m in loan loss provisions in its Irish business, down from €195m in the first quarter.

KBC yesterday posted a better-than-expected underlying net profit, driven by a good performance in its core domestic and central European banking and insurance businesses.

KBC employs around 600 people in Ireland, with offices in Dublin, Cork, Limerick, Galway, and Belfast.