![]() This means that KBC Life and Pensions products are distributed through the nationwide KBC Hub network, by telephone as well as through KBC’s mobile banking platform.Īpplications for Investments, including applications from existing KBC customers, will be paused on 07th December 2021 and we will provide customers with at least 30 days written notice of this change. KBC Bank Ireland Plc is tied to KBC Life and Pensions for the distribution of PRSA products to personal customers in the Republic of Ireland. ![]() ![]() ![]() KBC Insurance NV trading as KBC Life and Pensions is authorised by the National Bank of Belgium in Belgium and is regulated by the Central Bank of Ireland for conduct of business rules. If you still wish to proceed with your application, you should be aware that should a Binding Agreement with Bank Of Ireland receive regulatory approval, you will be required to transfer your PRSA to another provider on a given date in the future. New applications for PRSAs from existing KBC customers will be paused from 15th November 2021 and have written to customers to provide at least 30 days written notice of this change. KBC have paused new applications for Personal Retirement Savings Accounts (PRSAs) for non-KBC customers. We will ensure you are provided with plenty of notice of any impact and/or changes to your account in line with all legal and regulatory protections. When there are further updates we will write to you with any additional information and support you may require. The Binding Agreement means that an agreement has been reached where Bank Of Ireland would acquire substantially all of KBC Bank Ireland’s performing loan assets (including performing Mortgages, Commercial and Consumer Loans), Deposits and a small number of non-performing Mortgages. We would like to reassure you that we will continue to support you with your day to day banking needs through our Hubs, Contact Centre and Digital Channels. You do not need to take any immediate action as a result of this announcement as the Binding Agreement remains subject to all the relevant regulatory approvals. If you are an existing overdraft customer please click here for further information.įor business banking updates please click here.Īs you may have heard in the media, on the 22nd October 2021 KBC Bank Ireland entered into a legally Binding Agreement with Bank of Ireland. If you are an existing PRSA customer please click here for further information. If you are an existing investment customer please click here for further information. We are writing to existing Investment customers with updates regarding your Investment Fund please click here for further information.Īll PRSA applications that were received by KBC on or before the 15th November 2021 will continue to be processed as normal, should you decide to go ahead with the application.Īll Investment and Personal Overdraft applications that were received by KBC on or before the 7th December 2021 will continue to be processed as normal, should you decide to go ahead with the application If you are an existing PRSA or Personal Overdraft customer there is no immediate impact for you and you can continue to manage and make changes to your PRSA or Personal Overdraft as normal. In addition KBC has paused applications for Investments and Personal Overdrafts on 7th December 2021. KBC has paused new applications for Personal Retirement Savings Accounts (PRSAs) for non-KBC customers and will pause applications from KBC customers from the 15th November 2021. We will continue to accept new applications for Current Accounts, Mortgages, Deposits, Personal Loans, Life, Home and Car Insurance and Personal Credit Cards. We would like to reassure you that all of our Hubs, Contact Centre and Digital Channels will continue to operate as normal and we remain open for business. For more information please click here.Įxecution of these two transactions would ultimately result in KBC Group’s withdrawal from the Irish market. On the 30th August KBC Bank Ireland announced it will sell substantially all of its non-performing mortgage loan portfolio and a small number of non-mortgage non-performing loans. We will communicate to you well in advance of any actual steps or changes that may be taken in respect of your products, giving plenty of notice in line with all legal and regulatory protections. This means that an agreement has been reached where Bank Of Ireland would acquire substantially all of KBC Bank Ireland’s performing loan assets (including performing Mortgages, Commercial and Consumer Loans), Deposits and a small number of non-performing Mortgages. As you may have heard in the media, on the 22nd October 2021 KBC Bank Ireland entered into a legally Binding Agreement with Bank of Ireland.
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