Organisation: KBC

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Organisation: KBC

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>IBCB CEO Marion Kelly said there was 'some understandable negative public sentiment' in the wake of the Ulster Bank and KBC departures. File picture: Naoise Culhane</p>

economy

Irish Banking Culture Board says level of trust in banks is still underwater

Body set up in the wake of financial crises reports that, while banking is in a state of flux, 'gradual progress is being made'

<p>Only 86,298 current and deposit accounts were closed in March — a drop of 57% on the number of closures in February.</p>

companies

Ulster Bank and KBC account closures slow as more branches prepare to close next week

<p>The FSPO report shows 4,647 complaints were closed last year, with more than €3.4m paid to complainants in mediation settlements and a further €965,527 paid to complainants by way of settlement.</p>

economy

Fewer than 100 complaints over exit of Ulster Bank and KBC

Bank Of Ireland To Close Over 100 Branches Across Ireland

economy

Bank crisis kills prospect of rivals challenging AIB and Bank of Ireland, experts warn

Bank Stock

ourview

Irish Examiner view: Naive to expect more from banks

50,000 KBC and Ulster bank customers still to find new bank, committee to hear

news

50,000 KBC and Ulster bank customers still to find new bank, committee to hear

Irish Budget 2023

Irish consumer sentiment remains gloomy despite slight rise on the back of budget measures

Pressures on consumer confidence seem set to intensify as winter weather emphasises high energy costs

Thu, 20 Oct, 2022

A quarter of Ulster and KBC accounts have been closed

A quarter of Ulster and KBC accounts have been closed

€11bn in 941,000 accounts remains on deposit with both banks as they plan their exit from the Irish market

Fri, 09 Sep, 2022

Senior man checking bills at home

Irish consumers want Budget 2023 to ease utility bills amid cost of living crisis

KBC survey says sentiment is little changed but that consumers hope next month's budget will help ease soaring costs

Thu, 18 Aug, 2022

Mortgage application loan agreement and house key

Consumer watchdog puts focus on hidden costs of cashback mortgages

Competition and Consumer Protection Commission addresses deals that cost first-time buyers large sums of money over the lifetime of their loans

Mon, 15 Aug, 2022

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

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

Thu, 11 Aug, 2022

A Branch of the Ulster Bank, Roscommon, West of Ireland

Digital bank Starling 'pulls plan to enter Irish market'

CEO Anne Boden told staff that an Irish subsidiary would not deliver the added value Starling is seeking, Sky News is reporting

Mon, 18 Jul, 2022

File photo AIB has agreed a deal with Ulster Bank to buy about Û4.2 billion of its performing corporate and commercial loans. En

Ulster Bank and KBC exits may hinder access to SME funding

Chartered Accountants Ireland urges Government to review why two big retail banks decided to quit the Irish market

Tue, 05 Jul, 2022

Only 220,000 bank customers have switched as Ulster and KBC prepare to shut million accounts

Only 220,000 bank customers have switched as Ulster and KBC prepare to shut million accounts

Five main retail banks launch a new website, movingaccount.ie, to bring hundreds of thousands of people through the steps they need to take to sort out their bank accounts

Tue, 05 Jul, 2022

Website screenshots

Banks told 'do more' to protect 1m customers who could be left in limbo

Focus of efforts should be on helping vulnerable customers, bankers told

Tue, 17 May, 2022

For customers, exit of CEO McDonagh likely the least of their worries over Irish banking

For customers, exit of CEO McDonagh likely the least of their worries over Irish banking

Irish banking is facing a new mess where customers are the perpetual losers as Ulster Bank and KBC exit and the big two tighten their hold on our money

Mon, 02 May, 2022

Mature woman holding paper bill using calculator managing finances at home.

Changing account — don't bank on it being easy

The exit from the Irish market of a number of high-profile banks has left thousands of customers needing to work out how they can transfer their current accounts to other banks

Sat, 30 Apr, 2022

File Photo KBC Bank Ireland has agreed a deal to sell a non-performing mortgage loan portfolio worth about €1.1 billion to priva

Explainer: KBC extends account closure notice — how will this impact my banking?

The Belgian financial giant said it will start sending out the first batch of account closure notification letters to customers in June

Fri, 29 Apr, 2022

Retail price rises

'Pain now and more pain to come' as household bills soar

As well as record energy price hikes, consumers face sharp rises in staples such as milk, bread, pasta, and sugar. And, experts warn, these rising prices could soon “seep in” to other parts of the economy.

Fri, 08 Apr, 2022

Bank of Ireland CEO monitors fallout on Irish inflation from Ukraine conflict

Bank of Ireland CEO monitors fallout on Irish inflation from Ukraine conflict

Bank of Ireland faces no direct hit from the Ukraine conflict but most corporate and personal customers will be affected one way or another as further price inflation works through the Irish economy, CEO Francesca McDonagh has said.

Mon, 28 Feb, 2022

FILE PHOTO Bank of Ireland has announced the creation of 130 new IT jobs over the next 12 months END

Bank of Ireland to pay out €104m in dividends and share buybacks on back of strong underlying growth

Total new lending amounted to €14.2m

Mon, 28 Feb, 2022

Senator calls for credit unions to enter mortgage market

Senator calls for credit unions to enter mortgage market

With the exit of Ulster Bank and KBC, Senator Victor Boyhan suggests credit unions could fill that gap — but strict lending limits would greatly limit their ability to offer home loads

Thu, 24 Feb, 2022

People walk their dogs past the Central Bank of Ireland in Dublin

Banks struggle to keep up with volume of customer queries at their call centres

Call centres in five retail banks managed 10m calls in 2021

Fri, 18 Feb, 2022

Bank of Ireland faces 'significant concessions' to get €8.8bn in KBC mortgage loans

Bank of Ireland faces 'significant concessions' to get €8.8bn in KBC mortgage loans

Competition watchdog CCPC reiterated deal involves substantial lessening of competition in banking and is likely to 'impose significant conditions' for KBC deal with Bank of Ireland to go ahead, competition lawyer says

Fri, 18 Feb, 2022

Permanent TSB fined 21 million euros

'Tell PTSB to end cashback mortgages' before go-ahead to take €7.6bn loans from Ulster Bank

The CCPC is involved in an unprecedented activity into Irish banks after both Ulster, the No 3 general lender, and KBC, a significant mortgage bank, announced plans to exit Ireland

Mon, 10 Jan, 2022

Allied Irish Bank

Competition watchdog highlights 'key' probes into Irish banks

Plans by AIB, Bank of Ireland, and Permanent TSB to acquire billions worth of loans from the departing Ulster Bank and KBC are under investigation

Tue, 04 Jan, 2022

Irish consumers rein in spending in fear of Omicron and soaring utility bills

Irish consumers rein in spending in fear of Omicron and soaring utility bills

Cheer turns to fear as Ireland is haunted by the Covid flare-up of last Christmas, and by ever-higher energy prices in the new year

Wed, 22 Dec, 2021

'£260m bill' for using ATMs abroad

Shoppers 'should always be able to choose cash or card'

Dermot Jewell of the Consumers' Association says, short of a referendum, the option to use cash should be guaranteed

Sat, 11 Dec, 2021

KBC Bank Ireland

KBC 'will only complete exit from Ireland when 27 tracker mortgage cases settled'

Oireachtas finance committee hears the bank expects to finally exit the Irish market in the second half of 2022

Wed, 01 Dec, 2021

CC CHRISTMAS SCENES

No wall of money to be thrown at Christmas economy: KBC Bank Ireland chief economist

Survey indicates no huge Christmas spending splurge by Irish consumers, as confidence in the economy slides.

Tue, 23 Nov, 2021

File Photo KBC Bank Ireland has agreed a deal to sell a non-performing mortgage loan portfolio worth about €1.1 billion to priva

KBC Bank owner expects to complete Irish loans sale in 2022

Bank of Ireland is expected to acquire the loan book of the departing Belgian-owned bank in the second half of next year

Fri, 12 Nov, 2021

FILE PHOTO Permanent TSB has announced pre-tax losses of €166 million last year, as Chief Executive Eamonn Crowley claims there

Former Permanent TSB banker faces inquiry over role in tracker mortgage scandal

Probe comes as Oireachtas finance committee hears of plans for new Central Bank powers to sanction individual bank executives

Wed, 10 Nov, 2021

File photo AIB has agreed a deal with Ulster Bank to buy about €4.2 billion of its performing corporate and commercial loans. En

Ulster Bank advances exit with plan to transfer €7.6bn in loans to PTSB

NatWest, which is 55%-owned by the British government, will take a stake of up to 20% in PTSB

Fri, 23 Jul, 2021

High angle view of businessman counting money

Finding the best place for your hard-earned cash

Moving current account provider is easy and can save you money. So why is it said that we'd change our partner before we our bank?

Sat, 26 Jun, 2021

KBC Bank Ireland

Paschal Donohoe told to say KBC departure not due to over-regulation

An internal briefing said the minister should say Ireland had “learned the hard way” about what happens when there is inadequate regulation

Fri, 04 Jun, 2021

Apple Pay

Competition concern as Irish banks attempt Revolut-style app

KBC appears to have less control over Synch Payments project than others

Tue, 01 Jun, 2021

FILE PHOTO Permanent TSB has announced pre-tax losses of €166 million last year, as Chief Executive Eamonn Crowley claims there

PTSB mortgage share surges as it taps chaos of Ulster Bank and KBC exit plans

PTSB is favoured to take a large slice of Ulster's €14bn performing home loans book, a development that most banking industry observers say will only consolidate Irish banking further to the benefit of lenders and not borrowers.

Wed, 05 May, 2021

Mortgage application loan agreement and house key

Exit of Ulster Bank and KBC 'already chilling competition as mortgage customers turn away'

The remaining big three banks, which offer costlier mortgage rates, are already increasing their grip on the market, mortgage brokers warn

Thu, 29 Apr, 2021

KBC recommits to Ireland as rival Ulster Bank reviews its future in the Irish market

KBC recommits to Ireland as rival Ulster Bank reviews its future in the Irish market

There is no question over KBC Bank staying in Ireland despite it posting a hefty €48m loss during the 2020 pandemic, and even while all banks struggle to make healthy returns in the market, its chief executive in Ireland Peter Roebben has said.

Thu, 11 Feb, 2021

KBC Ireland chief sees no repeat of 2010 mortgage arrears crisis

KBC Ireland chief sees no repeat of 2010 mortgage arrears crisis

Roebben says 1,604 accounts were still on mortgage breaks at the end of October

Thu, 12 Nov, 2020

Bank worker deactivated security feature on 26 customers’ accounts allowing fraudulent transactions

Bank worker deactivated security feature on 26 customers’ accounts allowing fraudulent transactions

A bank worker deactivated a security feature on 26 customers’ accounts which resulted in fraudulent transactions of over €20,000 taking place, a court has heard.

Thu, 02 Jul, 2020

Consumer spending facing '12-month road to recovery,' says leading economist

Consumer spending facing '12-month road to recovery,' says leading economist

It will be at least 6-12 months before consumer spending levels return to any semblance of normality, according to one economist, with Ireland facing into “a long and far from straight line of recovery”.

Wed, 24 Jun, 2020

Banks are expecting a 12,000 shortfall in new homes this year

Banks are expecting a 12,000 shortfall in new homes this year

There will be a shortfall of up to 12,000 new houses in 2020 due to the coronavirus shutdown and the workplace restrictions currently in place, the banking sector lobby has warned.

Tue, 16 Jun, 2020

KBC: Homebuyers seek greater stability in accommodation due to pandemic

KBC: Homebuyers seek greater stability in accommodation due to pandemic

The Covid-19 pandemic has made potential homebuyers seek greater stability in their accommodation, according to a new study.

Mon, 15 Jun, 2020

Covid fallout leads to renewed fears of mortgage interest rate increases

Covid fallout leads to renewed fears of mortgage interest rate increases

The threat of a rise in bad consumer loans in the aftermath of the Covid-19 crisis could lead to an increase in mortgage interest rates, according to one consumer commentator.

Fri, 12 Jun, 2020

Organisers confirm cancellation of Dublin Marathon in October

Organisers confirm cancellation of Dublin Marathon in October

The organisers of Dublin Marathon have confirmed they have cancelled the annual event due to Covid-19.

Tue, 19 May, 2020

Most homes ‘seized by familiar banks’, not vulture funds

Most homes ‘seized by familiar banks’, not vulture funds

The majority of home repossessions in Ireland are pursued by 'household name banks', not vulture funds.

Tue, 19 May, 2020

Proposals on housing, hospitals: Suggestions tear back an Irish curtain

Proposals on housing, hospitals: Suggestions tear back an Irish curtain

Though former president of America, Barack Obama, did not mention anyone by name this weekend when he attacked officials’ response to coronavirus, saying the pandemic showed many “aren’t even pretending to be in charge” he made his sharpest intervention so far in the White House race.

Mon, 18 May, 2020

Stopping 'property market roller coaster’ should be priority for Government

Stopping 'property market roller coaster’ should be priority for Government

A plan “to stop the damaging roller coaster” of another boom-and-bust cycle for house prices should be a priority for the Government and other policymakers working to protect the Irish economy from the Covid-19 fallout, a research professor at the Economic and Social Research Institute (ESRI) has warned.

Mon, 18 May, 2020

Property prices rise slightly in March but Covid impact expected

Property prices rose in the year to March — though the outbreak of Covid-19 is likely to have an impact on pricing in subsequent months.

Thu, 14 May, 2020