KBC Bank refers to 'delay of transaction approval' over its closure plan

KBC Group's latest earnings report does not specify when it hopes to complete its exit from the Irish market

The deal to transfer €9bn of KBC's mortgage loans to Bank of Ireland was approved in March. Stock picture

Belgian-based banking group KBC continues to take account of loan charges over its  delayed exit from the Republic, its latest earnings show.

The group shocked customers and delighted rival lenders when it announced last year it would close KBC Bank Ireland. It was the second significant lender, after Ulster Bank, to announce it was shutting its doors in the local market.