KBC Group: KBC Bank Ireland takes note of CCPC decision to approve the sale of substantially all of its performing loan assets and liabilities to Bank of Ireland Group
24 May 2022 - 4:00PM
KBC Group: KBC Bank Ireland takes note of CCPC decision to approve
the sale of substantially all of its performing loan assets and
liabilities to Bank of Ireland Group
Press Release
Outside trading hours – Regulated information*
Brussels, 24 May 2022 (8.00 a.m. CEST, before
stock exchange hours)
KBC Bank Ireland takes note of CCPC
decision to approve the sale of substantially all of its performing
loan assets and liabilities to Bank of Ireland
Group
No immediate actions for
customers.
On the 16th April 2021, KBC Group
announced that KBC Bank Ireland had entered into a Memorandum of
Understanding (MoU) with Bank of Ireland Group. On 22 October 2021
KBC Bank Ireland entered into a legally binding agreement with Bank
of Ireland whereby it would acquire substantially all of KBC Bank
Ireland’s performing loan assets and deposits. In
addition, a small portfolio of non-performing mortgages (NPEs) will
also be acquired as part of the
transaction.
Yesterday, 23 May 2022 the transaction
received approval from the Irish Competition and
Consumer Protection Commission (CCPC). The CCPC
statement is publicly available on their
website.
KBC Customers do not need to take any
immediate action as a result of this announcement as the agreement
remains subject to ministerial
approval.
For more information, please
contact:
KBC Group :
Viviane Huybrecht, General Manager, Corporate
Communication/Spokesperson, KBC Group
Tel +32 2 429 85 45 - E-mail:
viviane.huybrecht@kbc.be, pressofficekbc@kbc.be
Website : www.kbc.com
Kurt De Baenst, General Manager, Investor
Relations, KBC Group
Tel +32 2 429 35 73 - E-mail: IR4U@kbc.be
Bank of Ireland :
Damien Garvey, Head of Group External
Communications and Public Affairs, Group Corporate Affairs, Bank of
Ireland
Tel + 353 (0) 86 8314435 – E-mail:
Damien.garvey@boi.com
Darach O’Leary, Head of Group Investor
Relations, Bank of Ireland
Tel +353 (0) 87 948 0650 – E-mail
Darach.oleary@boi.com
KBC Bank Ireland
Edelman - Joe Carmody, CEO – Tel + 353 86 805 87
64 joe.carmody@edelman.com
* This announcement contains inside
information.
* This news item contains information that is subject to the
transparency regulations for listed companies. |
KBC Group NV Havenlaan 2 – 1080
Brussels Viviane Huybrecht
General Manager Corporate
Communication /Spokesperson Tel. + 32 2
429 85 45 |
Press Office Tel. + 32 2 429 65 01 Stef
Leunens Tel. + 32 2 429 29 15 Ilse De
Muyer Tel. + 32 2 429 32 88 Pieter
Kussé Tel. + 32 2 429 85 44 Sofie
Spiessens pressofficekbc@kbc.be |
KBC press releases are available at
www.kbc.com or can be obtained by sending
an e-mail to pressofficekbc@kbc.be
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