LONDON, UK: Bank of Ireland has entered into a binding agreement with KBCI and KBC Group for the acquisition of c.€8.81 billion of performing mortgages, c.€0.1 billion of performing commercial and consumer loans and c.€4.4 billion of deposits. Bank of Ireland will acquire the performing mortgages for 103.6% of par value, representing the fair value…
Tag: Bank of Ireland
UK to sell 13.9 percent shareholding in Bank of Ireland
LONDON: The Minister for Finance, Paschal Donohoe TD today announced his intention to sell part of the State’s 13.9% directed shareholding in Bank of Ireland over approximately the next six months through a pre-arranged trading plan that will be managed by Citigroup Global Markets Limited. Citi were appointed to the role from the Department of…
Bank of Ireland to acquire KBC Bank Ireland’s performing loan assets and liabilities
LONDON: KBC Bank Ireland has entered into a Memorandum of Understanding (MoU) with Bank of Ireland, expressing the parties’ intention to explore a route that could potentially lead to a transaction whereby Bank of Ireland commits to acquire substantially all of KBC Bank Ireland’s performing loan assets and liabilities. The transaction remains subject to customary…