After all, KBC Bank Ireland and Bank of Ireland announced in April that they were in talks about BoI potentially buying the Belgian lender’s performing loans and other assets.The agreement represents another big development in the already tumultuous Irish banking market.Customers, the banks claims, do not need to take any immediate action as a result of the announcement.
Customers' accounts will continue to operate as normal and they can continue to access all of KBC’s retail banking and insurance products through its digital channels and the hubs. The bank is promising to provide plenty of notice of the impact or change to accounts, as they are required to under regulations.
But if, for example, you are on a fixed rate or a tracker, you will retain that for the duration specified in your contract or agreement even after it moves to Bank of Ireland.KBC says that at this point there is no impact. However, sources are saying they expect it will be the third quarter of next year before all the regulatory hurdles are overcome.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Competition watchdog launches full probe of Bank of Ireland proposal to buy KBC Bank loansKBC Bank's decision to leave Ireland has prompted concern about the level of competition in the retail banking market. Banksters)
Source: thejournal_ie - 🏆 32. / 50 Read more »
Bank of Ireland agrees to acquire KBC’s loan book in €5 billion dealBelgian lender is winding down its Irish operations as it prepares to exit the market
Source: IrishTimes - 🏆 3. / 98 Read more »
Bank of Ireland linked to fund involved in massive European tax fraudBoI subsidiary used by hedge fund now subject to investigations over trades Ireland is a pirate banking and tax avoidance haven unfortunately. Love the people, love the land, but they facilitate offshore tax cheating on a massive scale. Time for reform.
Source: IrishTimes - 🏆 3. / 98 Read more »
Pub responds to customer complaint after they ate their Tesco meal deal insideThe man, known only as Owen, left the review minutes after leaving North Star in Cardiff’s North Road in a huff on Tuesday afternoon - saying he was 'told off' over the meal deal
Source: IrishMirror - 🏆 4. / 98 Read more »
Many Travellers have first positive school experience in prison, committee hearsAdvocate says legacy issues and exclusion mean minorities account for high proportion of inmates globally How did that many travellers end up in prison..lifestyle choice 🤔 The usual whingeing, self-exculpatory bolloxology. Everything is always the fault of those nasty settled folk. Well duh.
Source: IrishTimes - 🏆 3. / 98 Read more »
Tesco shoppers in stitches after unfortunate spelling error on supermarket signCustomers in one Tesco store were left cringing after they spotted the hilarious spelling mistake
Source: IrishMirror - 🏆 4. / 98 Read more »