IIB Bank rebranded as KBC Bank Ireland; Opts out of Irish State banking guarantee scheme following €3.5 billion capital injection by Belgian government into parent bank
Oct 30th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
IIB Bank plc has today officially renamed and rebranded its operations in Ireland to KBC Bank Ireland plc. The move by the bank which is 100% owned by Belgian parent KBC Bank NV will see closer alignment of the bank within the group's global network. KBC Bank Ireland has said that, following a €3.5 billion injection of capital by the Belgian government into its parent bank on Monday, the bank has opted not to sign up to the Irish State banking guarantee scheme.