KBC Ireland takes €95m loan charge amid Covid-19

Irish Times | Aug 6, 2020 at 8:49 AM
  • KBC Bank Ireland booked €95 million of provisions in the first half of the year to deal with an expected jump in problem loans as a result of the coronavirus crisis, pushing the lender into a loss for the period.
  • It resulted in the bank, a unit of Belgium-based KBC Group, reporting a €55 million loss for the period.
  • KBC Bank Ireland processed 6,400 payment breaks on loans to households and small businesses in recent months.