The transaction will have an impact on KBC Group’s P&L which is estimated at +0.2 billion euros at completion. The transaction remains subject to regulatory, including Irish competition, approvals. KBC Bank Ireland is focused on ensuring that the migration of its customers to Bank of Ireland Group is carried out in an orderly manner. Customers will also continue to be afforded all legal and regulatory protections. Customers can continue to access KBC Bank Ireland’s retail banking and insurance products through its digital channels and hubs. KBC Bank Ireland customers do not need to take any immediate action as a result of this announcement.
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