On Air Now

Overnight Music

Midnight - 6:00am

  • 045 901 490
  • 0833-979797

Now Playing

Deborah Harry, Blondie

French Kissin' In The Usa

Bank Of Ireland To Buy Most Of KBC's Performing Loans In €5 Billion Deal.

File image: Rolling News

KBC is exiting the Irish market.

Bank of Ireland is to buy most of KBC Bank Ireland's loans as part of a 5 billion euro deal.

The companies have entered into a legally-binding agreement that will see BOI acquire around 8 billion euro worth of performing mortgages, along with performing commercial and consumer loans, deposits and some non-performing mortgages.

KBC is due to exit the Irish market and says customers don't have to take any immediate action at this point.

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Wed

    Heavy rain shower

    18°C

  • Thu

    Light rain

    19°C

  • Fri

    Heavy rain shower

    20°C

  • Sat

    Light rain shower

    18°C

  • Sun

    Light rain shower

    17°C