Business Irish

Saturday 16 December 2017

KBC Bank bucks trend and opens eight new branches

KBC Bank Ireland chief executive John Reynolds
KBC Bank Ireland chief executive John Reynolds
Charlie Weston

Charlie Weston

BELGIAN-owned KBC Bank is to buck the trend of banks closing branches with plans to open eight outlets, and it is launching a new current account.

AIB, Bank of Ireland, Ulster Bank, Danske Bank and Permanent TSB have been closing branches.But KBC said it would open new offices across the country.

The bank, which has been in this country for 40 years, has been mainly focused on the corporate market up to now, although it does offer savings accounts to consumers.

Now it is launching a new current account for consumers, to bring to seven the number of account offering these day-to-day accounts.

Consumers will have to pay maintenance fees of €6 a quarter, but can avoid fees for ATM withdrawing cash if they keep a daily credit balance of €2,000 in the account.

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