KBC Bank Ireland plc was a bank in

Ireland Ireland (, ; ; Ulster Scots dialect, Ulster-Scots: ) is an island in the North Atlantic Ocean, in Northwestern Europe. Geopolitically, the island is divided between the Republic of Ireland (officially Names of the Irish state, named Irelan ...

with offices in

Dublin Dublin is the capital and largest city of Republic of Ireland, Ireland. Situated on Dublin Bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, and is bordered on the south by the Dublin Mountains, pa ...

Cork "Cork" or "CORK" may refer to: Materials * Cork (material), an impermeable buoyant plant product ** Stopper (plug), or "cork", a cylindrical or conical object used to seal a container *** Wine cork an item to seal or reseal wine Places Ireland * ...

Limerick Limerick ( ; ) is a city in western Ireland, in County Limerick. It is in the Provinces of Ireland, province of Munster and is in the Mid-West Region, Ireland, Mid-West which comprises part of the Southern Region, Ireland, Southern Region. W ...

Galway Galway ( ; , ) is a City status in Ireland, city in (and the county town of) County Galway. It lies on the River Corrib between Lough Corrib and Galway Bay. It is the most populous settlement in the province of Connacht, the List of settleme ...

Waterford Waterford ( ) is a City status in Ireland, city in County Waterford in the South-East Region, Ireland, south-east of Ireland. It is located within the Provinces of Ireland, province of Munster. The city is situated at the head of Waterford H ...

and

Belfast Belfast (, , , ; from ) is the capital city and principal port of Northern Ireland, standing on the banks of the River Lagan and connected to the open sea through Belfast Lough and the North Channel (Great Britain and Ireland), North Channel ...

. It was established in 1972 as ''Irish Intercontinental Bank''. In 1978

KBC Bank KBC Group N.V. is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredi ...

, which is headquartered in

Brussels Brussels, officially the Brussels-Capital Region, (All text and all but one graphic show the English name as Brussels-Capital Region.) is a Communities, regions and language areas of Belgium#Regions, region of Belgium comprising #Municipalit ...

, acquired a 75% interest.

acquired a full 100% shareholding in IIB in 1999, and in 2000 the bank's name changed to IIB Bank. On 27 October 2008, the 30th anniversary of KBC's majority ownership, the bank was renamed KBC Bank Ireland plc. KBC Bank Ireland provided a wide range of banking services including Corporate, Commercial and Business Banking,

Private Banking Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income or substantial asset ...

and Treasury &

Capital Markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...

. Its

mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...

division, KBC Homeloans, was a leading mortgage provider in Ireland. KBC began operating a branch network in 2012 with a further build-out in 2014. This followed the exit of Halifax Ireland and

Danske Bank Danske Bank A/S (, ) is a Danish multinational banking and financial services corporation. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail custome ...

from the Irish retail market, with some branches being located in former locations of those banks. KBC initiated a high-profile property repossession in Strokestown, in County Roscommon in December 2018. Following this, there was a violent attack by a gang of masked men on the team employed by KBC to occupy the house. In April 2021, KBC entered into talks with Bank of Ireland to sell its performing loan book and announced its intention to withdraw from Ireland.

KBC in Ireland

KBC had 1000+ employees in Ireland in the following companies: *KBC Bank Ireland plc *KBC Fund Management

References

External links

Annual Reports
KBC Ireland
KBC HomeloansKBC IrelandKBC Bank & Insurance Group
(Archived) {{Authority control Irish companies established in 1973 Defunct banks of Ireland Financial services in the Republic of Ireland Banks of Northern Ireland Banks established in 1973 Banks disestablished in 2024 Irish subsidiaries of foreign companies