KBC Bank Ireland reduces Fixed Rates for new homeloan customers
27 May 2010
KBC Bank Ireland reduces Fixed Rates for new homeloan customers
May 27th 2010: KBC Bank Ireland has announced that it has reduced its fixed interest rates for new homeloan customers.
The three year fixed rate for new customers has been reduced to 3.74 per cent (APR), while the five year fixed rate for new customers has been reduced to 4.13 per cent (APR). The new rates took effect from 24 May.
John Delaney, Director, Homeloans Division, KBC Bank Ireland, said: “In the present economic climate, we constantly seek to offer competitive rates to our customers. This week, we have moved to reflect more favourable cost of funds in the rates we offer to customers seeking to take out new mortgages”.
KBC Bank Ireland has reported an increased number of applications for mortgages in the first quarter of this year, compared to the last quarter of 2009.
About KBC Bank Ireland KBC Bank Ireland plc is a wholly owned subsidiary of KBC Group NV, an integrated financial services group active in the fields of banking, insurance and wealth management. KBC Bank Ireland has a strong presence in Ireland where it has been operating for over 30 years providing lending and investment services to business and personal customers. Headquartered in Dublin, KBC Bank Ireland has offices in Belfast, Cork, Galway and Limerick. Further information is available at: www.kbc.ie
For further information contact:
Anne Marie Collins, Marketing Manager
KBC Bank Ireland
T: (01) 664 6244
Laurie Mannix/Charles Hogan
MKC Communications
T: (01) 703 8609
