KBC Expects Heavier Losses On Irish Loans

07 Jan 2011

KBC, the Belgian banking group, expects heavier losses from its portfolio of commercial and residential mortgage loans in Ireland.

KBC, the Belgian banking group, expects heavier losses from its portfolio of commercial and residential mortgage loans in Ireland. It also found irregularities at its KBC Lease UK unit. The anticipated losses and irregularities have led KBC to set aside an addition €330 million ($427.5 million) in net ...

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