Irish banking faces another overcharging scandal, as EBS investigates the way it has bundled charges for building and life insurance payments and mortgage protection insurance into its monthly mortgage bills.
The chief of KBC Bank Ireland has said its parent is “absolutely committed” to staying in Ireland even as the top boss of the Belgian group expressed impatience with the long-running Central Bank review into
KBC Ireland made an after-tax loss of €77m for the first three months of the year, compared with a €148m loss for the same period last year. Loan loss provisions for the quarter were €99m compared with €195m for the first three months of 2012.
THE Irish division of Belgian banking group KBC contributed profits of €42 million in the first half of this year and continues to trade strongly, despite reports suggesting that the operation has been a “cause for concern” at group headquarters in Brussels.