KBC Bank Ireland has reported a €91m loss for last year after it recorded impairment costs of €198m.
The figure was significantly lower than in 2013, when it recorded a loss of €864m, with the bank saying it remained on track to return to profit in Ireland by 2016.
KBC Bank said its Irish retail deposits grew to €3.4bn during 2014, with €455m added in new mortgage business.
The bank also said it added more than 50,000 new customer accounts during the year.
Meanwhile, its Belgian parent company KBC Group reported a net profit of €1.76bn during the year – up 73.5% on 2013.
The group, which needed €7bn of Belgian state aid during the financial crisis, has already repaid €5bn and unwound €25bn of collateralised debt obligations over past quarters.
