Net profit at KBC Bank Ireland nearly doubled to €44.4m for the third quarter, up from €24.6m for the same period last year.
However, the Belgian-owned lender’s operating profit fell to €17.1m, from €33.9m in Q3 last year.
Stock of impaired loans were reduced by 13% to €6 billion – from €6.9 billion since Q3 2015.
The bank added 16,900 new customer accounts between July and September, bringing to 49,900 the total added in the first nine months of the year.
One third of new current accounts opened with KBC Ireland are through digital channels, while mobile and online usage has increased by 109% on the same quarter last year.
The banks also said strong momentum was continuing with regard to reducing the number of mortgage arrears cases.
Net profit for the KBC Group was €629 million for the third quarter.
KBC Bank Ireland CEO Wim Verbraeken said he was pleased with the strong profitability across all areas of the business.
He added: “We remain firmly focused on developing products and services that are truly innovative, offer value for money and stand out in today’s market.”
