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

KBC Bank announced last month it was selling up, leaving Irish consumers with even less choice in what is already one of the EU’s most expensive markets. File picture: Brian Lawless/PA

Finance Minister Paschal Donohoe was briefed to say over-regulation was not to blame for the departure of KBC bank from the Irish market.

The bank announced last month it was selling up, leaving Irish consumers with even less choice in what is already one of the EU’s most expensive markets.