Eamonn Hughes

84 results

A KBC Bank branch in Dublin city centre. Photograph: Brian Lawless/PA Wire

When the European Commission ordered Belgian financial giant KBC Group in late 2009 to sell a number of businesses and shrink its balance sheet as pen(...)

KBC has about 1,300 employees and 12 branches, or hubs, in the Republic. File photograph: The Irish Times

Belgian financial services giant KBC Group is poised to release about €1 billion of expensive capital tied up in its Irish operation as it sells its l(...)

Bank of Ireland’s flagship branch on College Green in Dublin. Photograph: Bryan O’Brien

Bank of Ireland will not have to raise additional capital to carry out the purchase of KBC Bank Ireland’s performing loans, amounting to €8.9 billion (...)

Johan Thijs KBC Group chief executive. Photograph: Brenda Fitzsimons / THE IRISH TIMES

Shares in the State’s three domestic banks jumped on Friday as KBC Bank Ireland said it was in talks to sell its performing loans and deposits to Bank(...)

FBD posted a surprise pre-tax profit of €4.8 million for 2020.

FBD said on Friday it estimates that gross claims and expenses arising from a landmark Covid-19 business interruption pubs test case ruling earlier th(...)

FBD Insurance  is seen by analysts posting a full-year net loss, implying no dividend for shareholders for the year. Photograph: Dave Meehan/The Irish Times

FBD is likely to more than double to €70 million its provision for payouts to publicans after it lost a landmark Covid-19 business interruption test c(...)

Ulster Bank offices on College Green in Dublin. NatWest Group has decided to wind-down the bank in the Republic.  Photograph: Patrick Bolger/Bloomberg

There are a number of reasons why it has come to the stage where the board of British banking giant NatWest, formerly Royal Bank of Scotland (RBS), ha(...)

FBD said the Commercial Court ruling ‘provides much needed clarity to all concerned’ and that it would not be appealing. Photograph: Nick Bradshaw

FBD suffered the ignominy on Friday of losing a high-profile case that will set it back tens of millions of euro. And what did its shares do, only sur(...)

Permanent TSB is among the banks that have grouped together to plan an app to counter the threat posed by the likes of Revolut and N26. Photograph: Alan Betson / The Irish Times

The group of Irish banks seeking to set up an instantaneous money-transfer mobile app to take on the likes of Revolut and N26 have selected Italian(...)

Banks came into 2020 nervous over Brexit, Central Bank (above) mortgage rules and a dysfunctional housing market – that hasn’t gone away.

If 2020 saw Covid-19 deliver the biggest shock to the banking industry since the financial crash, 2021 will tell whether the system really learned the(...)

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