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Irish banking sector landscape looks set to change very soon

Richard Curran



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KBC is a player in the mortgage market here, but it lacks the scale overall to take on the big two of AIB and Bank of Ireland

KBC is a player in the mortgage market here, but it lacks the scale overall to take on the big two of AIB and Bank of Ireland

KBC is a player in the mortgage market here, but it lacks the scale overall to take on the big two of AIB and Bank of Ireland

It was hardly a surprise that KBC Bank posted a net loss for 2020 when it delivered its results last week. Given impairment losses recognised in the first half of the year due to Covid, it was never going to be much different to other banks pushed into the red by the pandemic. Its loss was a modest €48m.

KBC also saw solid growth in its new mortgage lending, which was up 30pc on a quarterly basis and it delivered the strongest quarter on record since the start of the retail bank here in 2013.


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