KBC Ireland reports net loss of €41m amidst Covid-19 challenges and tracker mortgage fine 

The bank also saw a record surge in mortgage applications in the third quarter, up 66% quarter-on-quarter.

KBC said the net loss, after-tax and impairments, was driven primarily by the exceptional impairment loss it took on as a result of the impact of Covid-19. Picture: Sam Boal/RollingNews.ie

KBC Bank Ireland has recorded a net loss of €41 million for the nine months to the end of September, due in part to Covid-19 and its role in the State's tracker mortgage scandal. 

The Belgian-owned bank said the net loss, after-tax and impairments, was driven primarily by the exceptional impairment loss it took on as a result of the impact of Covid-19.