KBC Bank Ireland has reported a net profit - after tax and impairment - of €33.6m for the third quarter of 2018, a marked improvement on the net profit of €2.6m reported the same time last year. 

The bank said its operating profit for the three months to the end of September amounted to €23.4m as it added almost 20,000 new customer accounts.

KBC Bank Ireland said its new mortgage lending amounted to over €240m in the three month period, which brought lending to €662m in the first nine months of the year.

The bank also said its new app, which was developed with feedback from consumers and launched in late August, has seen digital activity increase by 47% compared to the same time last year.

Wim Verbraeken, the chief executive of KBC Bank Ireland, said that the bank is changing the way the people of Ireland bank by providing instant, accessible financial products and services.

"Today's results confirm that our approach to disrupt the banking sector is working with almost 20,000 new customer accounts opened in the past three months, bringing the total number of new accounts added in 2018 to over 60,000," he said. 

Wim Verbraeken said the bank now has over 278,000 customers.  

"Customer-centric innovation is at the core of everything we are doing in Ireland and it is reassuring to see that our investment and dedication to innovation is resonating with our existing and new customers," he added.