In December the bank saw a surge of new current accounts opened, up 16% YOY. Irish people are looking for products and services that make money and life management easier and following the bank’s success with current accounts and mortgages, KBC launched as a bank insurance provider in Ireland in 2020, aligning with the overall KBC Group Strategy. The tables in Appendix 2 show the response level by It was established in 1973 as Irish Intercontinental Bank.In 1978 KBC Bank, which is headquartered in Brussels, acquired a 75% interest. Summary Non-statutory Financial Statements. PDF: KBC provides more details on the Annual General Meeting of Shareholders to be held … The outlets impacted are Dundrum in Dublin, Greystones in Co Wicklow, Naas in Co Kildare and Kilkenny. Download our latest annual report. In 2020, 22% of all new investments were made into SRI funds. The company has 11 directors who have also been the directors of 21 other Irish companies between them; 1 of which is now closed. Before entering the site please take time to read our Terms and Conditions and Privacy Policy. KBC recorded mortgage lending of €1.05 billion in 2020 as first-time buyers, switchers and movers sought to make savings on new and existing mortgages. KBC Bank Ireland plc is a bank in Ireland with offices in Dublin, Cork, Limerick, Galway and Belfast.. KBC Bank Ireland is an Irish bank providing a complete range of banking services in Ireland including deposits, corporate, treasury, business banking, Irish mortgages and mortgages in Ireland Suite of Digital Innovations Planned for 2021. Interim Report – KBC Bank – 1H2020 p. 5 Net result of 31 million euros for the first half of 2020 Key data, KBC Bank (consolidated, in millions of EUR) 1H2020 1H2019 Result … Kbc Bank Ireland Public Limited Company was set up on Wednesday the 14th of February 1973. KBC also noted a significant rise in the use of digital wallets as a result of the pandemic, up 57% YOY compared to 2019. ... KBC Bank Ireland; permanent tsb; Ulster Bank; Design by Magma. B | PwC Report on the BITCI Low Carbon Pledge. The bank expects to have achieved a 65% reduction in carbon emissions in 2021 when compared to 2015. 16.03. The disclosures contained in this report have been prepared for KBC Bank Ireland plc. Like the adoption of digital banking, KBC were ahead of the curve with sustainability, setting ambitious sustainability targets back in 2015 and implementing strict policies and sustainability guidelines to reduce our environmental footprint. Translation and versions as of 2020: the Annual Report is available in Dutch, English and French PDF versions.The Dutch PDF version is the original; the other language translations are unofficial versions. and its ... 30 November 2020 . That report also includes the communication of key audit matters. KBC Ireland has reported a net loss of €48m for last year on the back of an impairment charge due to the impact of Covid-19. 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. 8 Their current partial address is Dublin, and the company status is Normal. 2019-2020 Annual Report. Customers now demand fast, digital, hassle-free, products and services and in response, KBC has developed a simple to use innovative and differentiating life and pensions offer, all controlled through the KBC app. “The upgrade of our core infrastructure in 2020 has enabled us to accelerate the pace of innovation to better serve our customers. KBC Group clarifies remuneration report following publication of 2020 annual report In its annual report, KBC Group NV provides transparent information concerning the salary and other remuneration received by the members of the Board of Directors … 16.04. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 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. The overall response level and a breakdown by sector is shown in Appendix 2. With a first-class, efficient, and seamless digital offer supported by our team of financial experts, we represent positive change providing people with the choice they need and deserve.”, Peter Roebben, Chief Executive, KBC Bank Ireland PLC, Net loss of €48 million (after tax and impairment); driven by the exceptional impairment loss recognised in H1 2020 due to the impact of Covid-19, Resilient year for mortgage lending with new mortgage lending of €1.05 billion in 2020 ; New mortgage lending of €386M in Q4, up 30% quarter on quarter and the strongest quarter on record since the start of the retail bank. Number 40537 Registered Office: Sandwith Street, Dublin 2, Ireland, Summary Consolidated Statement of Profit and Loss, Summary Consolidated Statement of Financial Position. Before entering the site please take time to read our Terms and Conditions and Privacy Policy. These rates are correct as of 3rd March 2020 and are subject to change. 2. KBC Bank Ireland is today rolling out its new digital pension product, marking its entrance into the Irish insurance market. Bank of Ireland Group plc is a public limited company incorporated in Ireland, with its registered office at 40 Mespil Road, Dublin 4 and registered number 593672. Their current partial address is Dublin, and the company status is Normal. Irish Banking Culture Board, Annual Report Financial Year 2019–2020. Sustainability, at the core of our business. Founding Banks Allied Irish Banks; Bank of Ireland; KBC Bank Ireland; permanent tsb; Ulster Bank; Design by Magma. Bank of Ireland Group plc is a public limited company incorporated in Ireland, with its registered office at 40 Mespil Road, Dublin 4 and registered number 593672. PwC’s 2nd annual report on the Business in the Community Ireland (BITCI) Low Carbon Pledge PwC June 2020 BUSINESS IN THE COMMUNITY IRELAND. Annual Report 2020 Annual Report 2019 Annual Report 2018 Annual Report 2017. T he bank gave payment … The company has 11 directors who have also been the directors of 21 other Irish companies between them; 1 of which is now closed. 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. Download Document. KBC Bank acquired a full 100% shareholding in IIB in 1999, and in 2000 changed the bank's name to IIB Bank. “Despite a difficult economic environment, we delivered a strong performance in 2020. KBC Group: First-quarter result of 557 million euros. By proceeding further you are deemed to have read and accepted our Terms and Conditions and Privacy Policy. Share of mortgage market increases to 12.6% in 2020, 34,000 new current accounts opened, a growth of 16% in number of current accounts year-on-year, Impaired loan stock reduced by €223 million (-13%) to €1,433 million representing c.14% of the total portfolio, 6,843 payment breaks granted on live mortgages and loans for personal and SME customers as at 31 December 2020. KBC Group SA annual/quarterly revenue history and growth rate from 2007 to 2020. The original report should be issued directly to the KBC Customer. Kbc Bank Ireland Public Limited Company was set up on Wednesday the 14th of February 1973. In the final quarter, new mortgage lending stood at €386 million, up 30% quarter on quarter and the strongest quarter on record since the start of the retail bank in 2013. Health and wellbeing will remain a focus for KBC this year through the bank’s continued sponsorship of both the KBC Dublin Marathon and WellFest. KBC Bank Ireland has been criticised by the Labour Court for refusing to attend hearings aimed at addressing issues around redundancy plans at the organisation. Next upcoming events. At year end, 94% had rolled off payment breaks, Contactless payments up 57% year-on-year through KBC’s market-leading range of digital and mobile wallets, Strong Capital Position: CET 1 Capital Ratio 15.0% (transitional and fully loaded), KBC Group ended 2020 with a net profit of €1,440 million. KBC report on the 2020 Autumn EBA Transparency Exercise ... a proxy for the annual inflation rate bond traders expect over the span -- jumped to … Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Ireland has pledged to deliver net zero emissions by 2050. 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. The digital model is clearly resonating, as today two out of three pensions are opened by customers under 40 years of age. Once again, we are bringing more first-to-market contactless payment solutions to our customers in Ireland and will soon launch a suite of contactless wearable devices. Generating sustainable, profitable growth and contributing to a more sustainable society go hand in hand. Our focus now is to bring new and innovative solutions for mortgage customers which will include the launch of a new digital mortgage offering, making it easier for customers to apply for a mortgage online. This report is intended for customers, employees and the broad public. We successfully transitioned the business to a bank insurance model, we saw an increase in the number of mortgage applications received particularly in Q4, alongside strong growth in current accounts and the launch of an innovative digital pension solution. Go back to publications. The Report to Society gives a general overview of how KBC assumes its role in society. That report also includes the communication of key audit matters. 11.05. In the final quarter, new mortgage lending stood at €386 million, up 30% quarter on quarter and the strongest quarter on record since the start of the retail bank in 2013. Annual Report Financial Year 2019–2020. Why KBC; About; Annual Reports; ... 2020 Pillar III Disclosure document 2019 Pillar III Disclosure document 2018 Pillar III Disclosure document 2017 Pillar III Disclosure document 2016 Pillar III Disclosure document ... KBC Bank Ireland plc is regulated by the Central Bank of Ireland Registered in the Republic of Ireland. Press Releases. Digital payment methods are undergoing rapid change in a short period of time, and KBC is responding fast offering a growing list of innovative firsts for customers and will continue to bring these to the market throughout 2021. Report to Society 2020 The integrated Annual Report gives a detailed overview of the financial performances, as well as the most important non-financial information. KBC Bank Ireland posts net loss of €48m for 2020 Updated / Thursday, 11 Feb 2021 14:51 KBC Bank Ireland said it granted a total of 6,843 payment breaks … By proceeding further you are deemed to have read and accepted our Terms and Conditions and Privacy Policy. Country by Country Reporting ... KBC Bank Ireland plc is regulated by the Central Bank of Ireland Registered in the Republic of Ireland. Changes at the top of KBC Group. 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. KBC Bank Ireland enters into a Memorandum of Understanding with Bank of Ireland Group. To our customers, new and existing, I would like to thank you for choosing KBC, we will continue to work hard to deliver a bank and insurance experience that meets your needs. 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. KBC recorded mortgage lending of €1.05 billion in 2020 as first-time buyers, switchers and movers sought to make savings on new and existing mortgages. Embrace – Farm Accident Support Network. 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. Annual Commercial Property | Review & Outlook Report 2019 About our survey The Report is based on the responses to a survey of SCSI members across the whole of Ireland and in each sector of the commercial market. Annual Report Financial Year 2019–2020 Vision & Purpose The Irish Banking Culture Board (“IBCB”) was established in April 2019, and is an independent industry initiative, fully funded by the five retail banks operating in Ireland (Allied Irish Banks, Bank of Ireland, KBC Bank Ireland, Permanent TSB & Ulster KBC’s Socially Responsible Investment (SRI) funds are designed to balance environmental and social good in a way that brings about positive change, while also delivering a financial return to investors. 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. Bank of Ireland Group plc, whose shares are listed on the main markets of the Irish Stock Exchange plc and the London Stock Exchange plc, is the holding company of Bank of Ireland. We have used the revised timetable for the introduction of ESEF (European Single Electronic Format) reporting, but we have made unofficial XHTML versions available in Dutch and English. 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. 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. We have a portfolio of innovative products and services planned for launch in 2021. 31 March 2020 30 September 2019 30 September 2018 EUR EUR EUR TOTAL NET ASSETS 60,420,476.13 55,592,264.66 46,642,982.03 Net asset value per unit at the end of the period 49.00 49.31 49.70 MEAG FlexConcept The accompanying notes form an integral part of this semi-annual report. KBC Bank Ireland is to close four of its 16 branches or "hubs". Directors’ Responsibility for the Summary Non-statutory Financial Statements. We will continue to grow our bank insurance business, leveraging on the experience from the digital pension launch to bring a unique Life Insurance offering to the Irish Market.”, “We know that Irish people want a change from the status quo in Irish banking and insurance. “I would like to acknowledge the dedication of everyone at KBC Ireland and thank the team for their tireless work over the past year, delivering a seamless online and in-person service to customers in unprecedented circumstances. 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. 8 October 2020: The Irish Banking Culture Board (IBCB) today published its inaugural annual report, following its launch in April 2019.The independent initiative was established by the industry in recognition that banking culture needed to change. Rates are correct as of 3rd March 2020 and are subject to change offices in Dublin Greystones... Shown in Appendix 2 general overview of how KBC assumes its role in society top line item on an statement. Central Bank of Ireland Ireland Group Kildare and Kilkenny as today two out of three pensions are by! The overall response level by Suite of Digital Innovations Planned for launch in 2021 for 2021 we a. Innovation to better serve our customers Ireland, KBC Bank Ireland plc Report also includes the of. 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