DC Advisory advises Bank of Ireland Group PLC on its acquisition of KBC Bank Ireland plc’s performing loan portfolios and deposits

Background

• Bank of Ireland Group is a one of the largest diversified financial services groups in Ireland​
• Established in 1783 by Royal Charter, Bank of Ireland is organized into four trading segments; retail Ireland, wealth and insurance, retail UK and corporate and commercial
• KBC Bank Ireland plc was an indirectly wholly owned subsidiary of KBC Group N.V. and provided banking and financial services prior to this transaction

Process

• DC Advisory was engaged by Bank of Ireland to act as their financial advisor in relation to the proposed acquisition of KBC Bank Ireland plc’s performing loan portfolios and deposits
• DC Advisory advised on valuation, funding, strategy whilst while also managing multiple due diligence streams​
• DC Advisory closely managed the completion process including review of transaction documentation​

Outcome

• Bank of Ireland acquired the assets of KBC for €7.8bn
• Purchasing KBC’s performing loan portfolios and deposits supports Bank of Irelands growth ambitions to expand its customer profile in the Irish market
• The transaction further showcases DC Advisory’s expertise in the Financial Services sector