Auditors Statement

Report of the Independent Auditor to the Members of KBC Bank Ireland plc on the Summary Non-statutory Financial Statements for the year ended 31 December 2019

Our Opinion

In our opinion, the accompanying Summary Non-statutory Financial Statements of KBC Bank Ireland plc are consistent, in all material respects, with the audited financial statements in accordance with section 20 of the Central Bank Act 1971.

Summary Non-statutory Financial Statements

The Summary Non-statutory Financial Statements on pages 17 and 18, which comprise solely of the Summary Consolidated Statement of Financial Position as at 31 December 2019 and the Summary Consolidated Statement of Profit or Loss for the year then ended are derived from the audited financial statements of KBC Bank Ireland plc for the year ended 31 December 2019.

The Summary Non-statutory Financial Statements do not contain all disclosures required by International Financial Reporting Standards as adopted in the European Union and Irish law. Reading the Summary Non statutory Financial Statements and the auditors’ report thereon, therefore, is not a substitute for reading the audited financial statements and the auditors’ report thereon.

The Summary Non-statutory Financial Statements and the audited financial statements, do not reflect the effects of events that occurred subsequent to the date of our report on the audited financial statements.

The Audited Financial Statements and Our Report Thereon

We expressed an unmodified audit opinion on the audited financial statements of KBC Bank Ireland plc for the year ended 31 December 2019 in our report dated 5 March 2020. That report also includes the communication of key audit matters. Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the audited financial statements of the current period.

Directors’ Responsibility for the Summary Non-statutory Financial Statements

The Directors are responsible for the preparation of the Summary Non statutory Financial Statements in accordance with the requirements of section 20 of the Central Bank Act 1971.

Auditors’ Responsibility

Our responsibility is to express an opinion on whether the Summary Non statutory Financial Statements are consistent in all material respects with the audited financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810, “Engagements to Report on Summary Financial Statements.”
 

This report, including the opinion, has been prepared for and only for KBC Bank Ireland plc’s members as a body in accordance with section 20 of the Central Bank Act 1971 and for no other purpose. We do not, in giving this opinion, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.


PricewaterhouseCoopers
Dublin
5 March 2020