M&A Deal Summary

Bank Of Ireland Group Acquires KBC Bank Ireland

On December 2, 2022, Bank Of Ireland Group acquired financial services company KBC Bank Ireland from KBC Group

Acquisition Highlights
  • This is Bank Of Ireland Group’s 1st transaction in the Financial Services sector.
  • This is Bank Of Ireland Group’s 1st transaction in Ireland.

M&A Deal Summary

Date 2022-12-02
Target KBC Bank Ireland
Sector Financial Services
Buyer(s) Bank Of Ireland Group
Sellers(s) KBC Group
Deal Type Merger

Target

KBC Bank Ireland

Ireland
KBC Bank Ireland is a provider of financial services based in Ireland.

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Buyer(S) 1

Buyer

Bank Of Ireland Group

Dublin, Ireland

Category Company
Founded 1783
Sector Financial Services
Employees11,386
Revenue 4.5B EUR (2024)
DESCRIPTION

Bank Of Ireland Group is a diversified Financial Services Group. A traditional, relationship-driven retail and commercial bank with a conservative business philosophy. Bank of Ireland Group was founded in 1783 and is based in Dublin, Ireland.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Bank Of Ireland Group - Non-branch ATM fleet

Dublin, Ireland

Bank Of Ireland Group's Non-branch ATM fleet is integrated into Euronet’s existing ATM network in the country and centrally managed with the company’s REV Payments Cloud core processing platforms and infrastructure. Bank Of Ireland Group's Non-branch ATM fleet is based in Dublin, Ireland.

Sell -

Seller(S) 1

SELLER

KBC Group

Brussels, Belgium

Category Company
Founded 1935
Sector Financial Services
Employees33,555
Revenue 11.2B EUR (2024)
DESCRIPTION

KBC Group is an integrated bancassurance group, catering mainly for retail, SME and midcap customers. It concentrates on its home markets of Belgium and certain countries in Central and Eastern Europe. KBC Group was founded in 1935 and is based in Brussels, Belgium.


DEAL STATS #
Overall 3 of 3
Sector: Financial Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Raiffeisenbank

Bulgaria

Raiffeisenbank (Bulgaria) is a provider of banking, asset management, leasing and insurance brokerage services to retail, SME and corporate customers. Raiffeisenbank (Bulgaria) was founded in 1994 and is based in Bulgaria.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-23 Business Lease Slovakia

Bratislava, Slovakia

Business Lease Slovakia offers full operational service leasing and other financial services. Business Lease Slovakia is based in Bratislava.

Buy -