Bank of Ireland cleared to acquire €8.8bn in KBC loans

Marks a significant step towards the bank's exit from the Irish market

The deal includes KBC’s performing loan assets including mortgages, commercial and consumer loans, along with a small number of non-performing mortgages. Picture: Brian Lawless/PA

The Competition and Consumer Protection Commission (CCPC) has cleared the acquisition of KBC loans by Bank of Ireland.

The deal includes KBC’s performing loan assets including mortgages, commercial and consumer loans, along with a small number of non-performing mortgages.