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The Minister for Finance Michael Noonan T.D. welcomed the announcement that KBC will be remaining in Ireland and the helpful clarity for staff and customers alike after a period of uncertainty.
He said:
"This is another strong sign of the recovery in Ireland and shows confidence by KBC Ireland in the Irish economy."
"The fact that KBC is committed to remaining in Ireland ensures continuing competition in the Irish banking market which is good for consumers. Such commitment is also a mark of the robust market and of its continuing growth potential into the future."
Minister Noonan will be meeting with senior officials of the bank this afternoon and looks forward to hearing in more detail about their future plans to support customers in this growing area of the Irish economy.