KBC Bank has reported a second quarter net result of €811m, up from €793 the same time last year.
The Belgian bank said it recorded a small net increase in loan loss impairment, due to limited net charges for individual loans, most of which related to the sale of its Irish assets.
The bank announced last year that it was leaving the Irish market and stopped all new business here last month.
KBC Bank Ireland has about 130,000 current accounts that are either active or have a balance and it estimates that 52,000 of these customers are expected to need to open a new account or move to a new provider.
In May, the Competition and Consumer Protection Commission cleared the proposed €5 billion acquisition by Bank of Ireland of KBC Bank Ireland's performing loans and deposits.
It said today that the net result for Ireland in the quarter under review amounted to a loss of €2m. It said this included €17m in various one-off effects related to the ongoing sale transaction.
KBC Bank said its group net interest income increased by 4% quarter-on-quarter and by 14% year-on-year.
Volumes continued to increase, with loans up 3% quarter-on-quarter and 9% year-on-year, and deposits growing by 6% on a quarterly basis and by 9% on an annual basis.
The bank said that while its direct exposure to Ukraine, Belarus and Russia is very limited, it was indirectly affected by the macroeconomic impact of this conflict and other geopolitical and emerging risks.
This included the effect of high gas and oil prices on inflation and economic growth, and the spillover effects for the bank, its counterparties and customers.
"Given this situation, we have further increased our dedicated reserve for geopolitical and emerging risks, bringing it to €268m at the end of the quarter under review," the bank said.
