KBC moves closer to profitability

KBC Bank Ireland reported a loss of €14m for the third quarter of the year compared with a €51m loss for the same period last year.

KBC moves closer to profitability
Fri, 14 Nov, 2014 - 00:00
John Walsh

The bank’s management team says it is on track to return to profitability in 2016.

Loan impairments were €47m for the three-month period compared with €98m in 2013. KBC’s retail deposit reached €3.3bn by the end of September, which is up from €2.7bn at the end of last year.

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CourtsPlace: BelgiumPlace: BrusselsOrganisation: KBCOrganisation: KBC Bank IrelandOrganisation: KBC GroupOrganisation: Euronext BrusselsOrganisation: BloombergOrganisation: FlemishOrganisation: Government
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