KBC Ireland posts €91m post-tax loss

KBC Bank Ireland lost €91m last year as impairment costs continued to weigh on its financial performance.

Despite the loss, the bank’s performance marked a substantial improvement in 2014 as after tax losses declined 89.5% from €864m the previous year.

In its Q4 results released yesterday, KBC Bank Ireland reported loan impairment costs of €198m for 2014, including €41m for the final quarter of the year.