It's your Mortgage Day!
Date of last update: 22nd October 2021
As you may have heard in the media, on the 22nd October 2021 KBC Bank Ireland entered into a legally Binding Agreement with Bank of Ireland. This means that an agreement has been reached where Bank Of Ireland would acquire substantially all of KBC Bank Ireland’s performing loan assets (including performing Mortgages, Commercial and Consumer Loans), Deposits and a small number of non-performing Mortgages.
You do not need to take any immediate action as a result of this announcement as the Binding Agreement remains subject to all the relevant regulatory approvals. We will communicate to you well in advance of any actual steps or changes that may be taken in respect of your products, giving plenty of notice in line with all legal and regulatory protections.
On the 30th August KBC Bank Ireland announced it will sell substantially all of its non-performing mortgage loan portfolio and a small number of non-mortgage non-performing loans. For more information please click here.
Execution of these two transactions would ultimately result in KBC Group’s withdrawal from the Irish market.
Update on service and new applications
We are open for business and continue to accept new applications for Business Current Accounts, Business Loans, Business Deposits, Professional Fees Finance and Tax and Pension Finance.
New applications for Business Overdrafts and Business Credit Cards, including applications from existing KBC customers, will be paused from 07th December 2021 and we will contact customers to provide them with at least 30 days written notice of this change.
If you are an existing customer of these products there is no immediate impact for you today and you can continue to manage and make changes to your Business Credit Card or Overdraft as normal.
All Business Credit Card and Overdraft applications that have been received by KBC since on or before the 07th December 2021 will continue to be processed as normal, should you decide to go ahead with the application.
For Personal Banking updates please click here.
We would like to reassure customers that you do not need to take any action and we are open for business. Should these circumstances change we will write to you to let you know. We will ensure you are provided with plenty of notice of any changes in line with all legal and regulatory protections.
If you have any specific queries you can speak to your dedicated business partner or you can call us on Freephone 1800 804 414 Mon - Fri, 8.00am – 6.00pm
Fraudsters may attempt to exploit the situation by claiming to be from KBC and that you need to register your details or re-register your information. If you experience any suspicious activity - text, email or phone calls - please call our customer service team.
KBC will NEVER request sensitive information like Passcodes or Online Banking details over the Phone, by Email or Text. Be aware of fraudulent callers pretending to be from KBC and calling from numbers that may look legitimate. If you receive such a call, hang up and call 1800 93 92 44 for support (7 days a week, 8am-11pm).
You can find out more about Fraud Prevention here - Fraud Prevention - KBC.
To make sure you understand what this means for you we have prepared the following frequently asked questions and answers.