Belgian-owned bank to also close its remaining branch and end its online banking on Thursday
KBC Bank Ireland is closing its remaining customer deposit accounts, last retail branch and ending online banking services on Thursday. Photograph: Brian Lawless/PAKBC Bank Ireland will on Thursday freeze its final 143 customer current accounts and close its remaining Dublin retail hub and online services as part of its retreat from the Irish market.
The Belgian-owned bank said that more than 99 per cent of the current accounts it had in May last year, when it started an extensive process of pushing customers to find alternative homes for their current accounts, had either been closed or blocked before the last batch. At the start of the process, KBC Bank Ireland estimated that 52,000 of its 130,000 current account holders needed to find to a new provider. Its remaining €1.8 billion deposits book moved to Bank of Ireland earlier this year as part of a broader deal that also included €7.8 billion of performing mortgages.
The bank is closing its last remaining branch, or so-called Grand Canal Dublin Hub, in the south docklands and ending its online banking and app services as of close of business on Thursday.
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