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The bank expressed its gratitude to all employees

KBC Ireland to return banking licence to Central Bank

KBC Bank Ireland will return its banking licence to the Central Bank of Ireland next week, in its last act before exiting the Irish market.

Business • 26 Apr 24

KBC's last hub is located near Dublin's Grand Canal Square

KBC's last 'hub' and online banking services close

KBC Bank Ireland's last remaining hub or branch has closed, as part of the lender's wind down of operations.

Business • 31 Aug 23

Bank of Ireland said its customer deposits rose by €2.5 billion to €101.7 billion

Bank of Ireland's half year profits hit €1 billion

Bank of Ireland has reported pre-tax profits of €1.025 billion for the six months to the end of June on the back of positive business momentum, higher interest rates and a continued focus on efficiencies.

Business • 31 Jul 23

Ulster Bank and KBC Bank announced their intentions to leave the Irish market in 2021

96% of Ulster Bank and KBC Bank Ireland accounts closed

New Central Bank figures show that just over 96% of all current accounts that were open in Ulster Bank and KBC Bank Ireland at the beginning of 2022 were either closed or inactive by the end of June this year.

Business • 11 Jul 23

Ulster Bank and KBC Bank Ireland both announced plans to leave the Irish market in 2021

Over 1 million Ulster Bank and KBC Bank accounts closed

New figures from the Central Bank show that the total number of accounts closed at Ulster Bank and KBC Bank Ireland since the beginning of 2022 has reached 1,090,781.

Business • 19 May 23

The chief executive of KCB Group Johan Thijs

KBC makes gain of €405m after sale of Irish assets

KBC Group made a €405m one-off gain during the first quarter of the year related to the finalisation of the sale of its assets in Ireland.

Business • 16 May 23

Bank of Ireland said today it had performed in line with expectations on the back of strong lending in Ireland

Bank of Ireland says full year guidance unchanged

Bank of Ireland has said it performed in line with expectations during the first three months of the year, on the back of strong lending in Ireland.

Business • 03 May 23

167,988 current accounts still remained open in Ulster Bank and KBC Bank by the end of March, new Central Bank figures show

85% of Ulster Bank and KBC Bank Ireland accounts closed

New figures from the Central Bank show that a total of 86,298 current and deposit accounts were closed in Ulster Bank and KBC Bank in four weeks to the end of March.

Business • 14 Apr 23

The closures will result in 75 people losing their jobs

Almost all KBC branches have closed permanently

KBC Bank Ireland has permanently closed all bar one of its remaining branches or hubs around the country.

Business • 10 Mar 23

New Central Bank figures show a total of 81,799 current and deposit accounts were closed in Ulster Bank and KBC Bank Ireland in the five weeks to the end of January

40% rise in number of new accounts opened in January

New figures from the Central Bank show that the number of account closures at Ulster Bank and KBC Bank Ireland rose in January from December as the two lenders continue their withdrawal from the Irish market.

Business • 17 Feb 23

KBC Bank Group chief executive Johan Thijs

KBC's Irish sale will result in capital relief of €1 bn

KBC Bank said today that the closing of the sale of its Irish performing loan assets and liabilities to Bank of Ireland will lead to a capital relief of about €1 billion for the Belgian lender.

Business • 09 Feb 23

Ulster Bank and KBC Bank Ireland are leaving the Irish market

Ulster Bank freezes 126,000 accounts ahead of exit

126,000 Ulster Bank accounts have been frozen since the departing lender began the process of winding down customers' use of its services in November.

Business • 01 Feb 23

The total number of accounts closed last year at Ulster Bank and KBC Bank Ireland came to a total of 614,875

923,632 new bank accounts opened last year

New figures from the Central Bank show that a total of 361,790 current accounts remained open in Ulster Bank and KBC Bank Ireland at the end of December, as the two banks continue the withdrawal process from the country.

Business • 24 Jan 23

The study also pointed to a significant decrease in activity levels in accounts held by existing customers of the two banks between November and December

1 in 8 remaining Ulster and KBC customers still to act

Around one in eight remaining current account customers of Ulster Bank and KBC Bank Ireland have yet to open an account with another provider ahead of the impending departure of the two banks from the market here.

Business • 20 Jan 23

Major change the predominant theme in banking in 2022

If 2021 was an earthquake year in Irish banking, when two banks stunned consumers by announcing plans to leave the market, then 2022 might best be characterised as a year of aftershocks.

Business • 27 Dec 22

New Central Bank figures show that 558,636 accounts have been shut, leaving a total of 647,780 at the end of November still open

Less than half of departing bank accounts closed so far

The rate at which customers of Ulster Bank and KBC Bank Ireland are closing their accounts slowed last month, according to the latest data compiled by the Central Bank.

Business • 13 Dec 22

Former Ulster Bank and KBC Bank Ireland customers are being urged to update their new bank account details with Revenue

Ulster Bank and KBC customers urged to update Revenue

Taxback.com is urging former Ulster Bank and KBC Bank Ireland customers to immediately update their new bank account details with Revenue.

Business • 18 Nov 22

It is expected around 3,600 accounts will be frozen today or in the coming days

First Ulster Bank accounts to be frozen from today

Ulster Bank will today begin freezing the first tranche of customer accounts, as part of its phased withdrawal from the country.

Business • 11 Nov 22

The warning comes ahead of the first tranche of Ulster Bank accounts facing being frozen from Friday onwards

Insurance policies could be impacted by exit of banks

Insurers have urged customers of Ulster Bank and KBC Bank Ireland to be aware of the risks for their insurance and pension policies posed by the departure of the two lenders.

Business • 09 Nov 22

Belgium's KBC Bank posted after tax profits of €776m for the third quarter of 2022

KBC Bank's third quarter net interest income up 4%

Belgium's KBC Bank has today reported after tax profits of €776m for the third quarter of 2022, up from €601m the same time last year.

Business • 09 Nov 22

60% of consumers reported challenges in switching with the transfer of direct debits and payments the most commonly cited challenge

1 in 8 switchers yet to decide on new banking provider

One in eight consumers who are in the position of having to switch banking providers, because of the impending departure of Ulster Bank and KBC, have yet to decide on a new provider.

Business • 02 Nov 22

853,521 accounts remained opened at the two departing lenders at the end of last month, new Central Bank figures show

853,000 Ulster Bank and KBC accounts remain open

Almost 381,000 accounts have been closed at Ulster Bank and KBC Bank Ireland since the start of the year, new data from the Central Bank shows, up from almost 293,000 at the end of August.

Business • 12 Oct 22

BPFI has confirmed that the five retail banks now have dedicated phone lines in place for vulnerable customers who are switching bank accounts

434,000 new current accounts opened as banks exit

The main retail banks, An Post Money and Credit Unions have opened 434,000 personal current accounts so far this year, as customers of Ulster Bank and KBC Bank Ireland continue switching providers ahead of the exit of the two banks from the Irish market.

Business • 04 Oct 22

BPFI is hosting a roundtable meeting today in order to ensure consumers and businesses are supported and encouraged to update their direct debit payments

Customers moving banks urged to transfer direct debits

Just 30% of customers who are switching banks due to the exit of Ulster Bank and KBC from the Irish market have started transferring their direct debits, according to new figures.

Business • 21 Sep 22

The regulator said more remains to be done to improve the experience of customers moving their accounts from Ulster Bank and KBC Bank Ireland

Quarter of Ulster and KBC bank accounts closed so far

Just a quarter of Ulster Bank and KBC accounts have been closed since the start of this year, despite intense efforts by the two lenders to wind down their operations here.

Business • 09 Sep 22

Kbc Bank Ireland