The European Central Bank. Photograph: Boris Roessler/EPA In total, 127 banks across Europe are being tested. In Ireland, the costs will be met by AIB, Bank of Ireland, Ulster Bank, Permanent TSB, KBC Bank Ireland, ACC, Merrill Lynch International and Depfa.

Eight banks in Ireland will have to pay €17.6 million between them to meet the costs of the comprehensive assessments that have been conducted this ye(...)

The construction sector was the only notable exception to the trend for subdued costs. Photograph: Alan Betson

Irish companies reported “steady rather than spectacular” increases in activity in the second quarter, according to the latest business sentiment ind(...)

Ulster Bank will be closing branches

A report by stockbroker Davy yesterday captured the challenge facing Royal Bank of Scotland to find a solution for its Ulster Bank subsidiary in the R(...)

KBC said around a third of all transactions carried out by customers are valued at less than €15

KBC Bank Ireland has introduced new contactless debit and credit cards for consumers. The cards, which are limited to transactions of €15, enable cust(...)

KBC’s Irish operation made a loss last year of €864 million, almost three times that in 2012. Photograph: Bryan O’Brien

Belgian financial institution KBC appeared to rule itself out yesterday from any interest in a link-up with Ulster Bank in the Republic as part of (...)

“Unless a private equity white knight comes riding over the hill, it could end up being a case of as you were [for Ulster Bank]. At least until 2016.” Photograph: Frank Miller

We now know that whatever comes of Royal Bank of Scotland’s strategic review of Ulster Bank, it won’t involve KBC Bank Ireland. At least not until (...)

The link between home value and debt level ‘important when framing budgetary considerations’, say the ESRI and Central Bank. Photograph: Alan Betson

Household spending is more affected by house prices and changing debt levels in Ireland than in other countries, according to new research. As (...)

The largest declines in the index were in those elements of the survey relating to household finances

Confidence in the economy nosedived last month, falling back to its lowest reading since last November.The latest KBC Bank Ireland/ESRI Consumer Senti(...)

KBC Bank has denied it has reached an agreement with the Irish Mortgage Holders’ Organisation which would see insolvent borrowers discharged of their debts within three months.  Photograph: Krisztian Bocsi/Bloomberg

KBC Bank has denied it has reached an agreement with the Irish Mortgage Holders’ Organisation (IMHO) which would see insolvent borrowers discharged of(...)

KBC Bank Ireland has cut loan losses significantly  in the first quarter of the year. Photograph: Bryan O’Brien/The Irish Times

Loan impairments at KBC’s Irish operation fell in the first quarter of the year, the bank said today. The latest figures show that provisions for loan(...)