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Thu 11 Nov 2009KBC rules out selling Irish unit as part of downsizing
BELGIAN BANK KBC has said it will retain and review its Irish bank in a sharp downsizing of the overall banking group as a condition of EU approval for the state rescue of the bank.
The bank said KBC Bank Ireland was not a “strategic fit” for the overall group compared with other areas but signalled it had not been earmarked for divestment.
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