Deals of the Year 2024: Landmark banking transaction involved over €9 billion of mortgage loans and over €4 billion of deposits
Back
The deal between Bank of Ireland and KBC comprised the purchase of a portfolio of performing mortgage loans worth €8.8 billion, €4.4 billion of deposits as well as non-performing mortgage loans, commercial and consumer loans, as well as KBCI’s credit card portfolio that involved a hybrid approach of using both statutory and contractual transfer mechanisms.
Bank of Ireland’s acquisition of the majority of KBC’s Irish banking business was one of the most significant Irish M&A deals in the last decade. For Bank of Ireland the deal represented a key strategic and commercial acquisition expanding its mortgage book and deposits while for KBC it facilitated its timely exit from the Irish market.

The transaction was one of the largest M&A banking transactions ever in Ireland and involved the sale of the majorit....

 

To continue, please log in


 
 
 
Forgot your password?
 
The Latest Issue
March 2025 Issue of Finance Dublin

Order a subscription to Finance Dublin

For details on pricing options and subscription benefits please click here.

Take out a subscription - I would like to take out a subscription, enabling me to gain immediate access to the site and this month's edition.

Without your explicit permission FinanceDublin.com will never share any of your information (including your e-mail address). Your information is collected in accordance with our Privacy Policy.

If you have any questions, please contact us.

This article appeared in the May 2024 edition.