IIB Bank

Infobox_Company
company_name = IIB Bank plc
company_
company_type = Public
foundation = Dublin, Ireland (1973)
location = Dublin, Cork, Galway, Limerick, Belfast
key_people = Ted Marah, CEO | num_employess = 500 (2005)
products = Multiple banking products
homepage = [http://www.iibbank.ie/ www.iibbank.ie/]
industry = Finance
revenue = Profits of €125 million 2006

IIB Bank PLC is one of the leading non-retail banks in Ireland with offices in Dublin, Cork, Galway and Belfast.

It was established in 1973 as "Irish Intercontinental Bank" and has been a subsidiary of KBC Bank, which is headquartered in Brussels. When KBC acquired a full 100% shareholding in IIB in 2000, the bank's name was changed to its present one.

IIB provides a wide range of banking services including Corporate, Commercial and Business Banking, Private Banking and Treasury & Capital Markets. Its mortgage division, IIB Homeloans, is a leading mortgage provider in Ireland.

As of the 27th of October 2008 IIB Bank will become KBC Bank Ireland plc.

Details

INTERESTING FACTS ABOUT KBC

1. Why are we changing from IIB to KBC?

This is the 30th anniversary of KBC’s ownership of IIB Bank. The name change from IIB Bank and IIB Homeloans to KBC Bank Ireland plc and KBC Homeloans respectively represents a new and very exciting phase in the IIB and KBC relationship which commenced in 1978 when KBC acquired a 75% shareholding increasing this to 100% in 1999.

It is part of KBC’s initiative to bring a consistent global identity to its worldwide operations. By adopting the name of our parent, we will:

Strengthen our growing presence in the Irish Market.Benefit, to an even greater extent, from the financial strength and reputation of the KBC Group, attributes which are becoming increasingly important in the current financial markets. Provide us enhanced access to KBC’s ever increasing product portfolio and geographically expanding network. Benefit from the strong brand image associated with one of Europe’s most respected banks.

2. KBC’s success story:

The KBC Group (KBC) is a successful banking and insurance group serving over 12 million customers worldwide. KBC’s group structure can be broken down in 5 business units:

Belgium: groups all retail banking and insurance activities in BelgiumCentral & Eastern Europe: groups all banking and insurance activities in Central and Eastern EuropeMerchant Banking: groups all worldwide capital market activities and services to corporates – KBC is part of this unitEuropean Private Banking: groups private banking operationsShared Services and Operations: KBC’s product factory which supports the other business units

KBC is also present in various other countries in Western Europe and to a lesser extent in the US and Southeast Asia. In total, KBC is active in more than 30 countries.

KBC's standing as an international corporate force can be seen in a survey of the world’s largest companies published recently by the Financial Times. In the survey, the "FT Global 500 2008", KBC was ranked in 171st position according to market capitalisation. Of Irish companies including banks, only CRH appears in the top 500, in 455th position. The same survey also ranked KBC as the 35th largest bank in the world.

3. Financial Strength:

The financial strength of the KBC Group can be seen in the excellent ratings awarded from the various Credit Rating Agencies

4. KBC in Ireland:

KBC has a strong presence in Ireland with approximately 700 staff members in:

IIB Bank (soon to be renamed KBC Bank Ireland plc), established in 1973. We have been part of the KBC Group since 1978 and fully owned by KBC since 1999.

KBC Project Finance (KBCFI) also a subsidiary of KBC Bank and is headquartered in the IFSC in Dublin. It operates in London, Brussels, Hong Kong, and Sydney and finances projects in sectors such as the oil & gas industry, power, renewable energy, and Public-Private Partnership.

KBC Asset Management Ltd, Dublin (KBCAM) based in Dublin, KBCAM is a leading provider of innovative investment management products for Irish and international pension funds, charities and corporates.

KBC Bank NV Dublin Branch a full branch of KBC, has operated since 1992 from the IFSC and Sandwith Street, providing credit facilities in the form of syndicated loans to Sovereigns, Banks and corporates in designated areas of the world, including the Nordic area, Southern Europe and Central Europe.

ee also

* List of Irish companies

ources

*IIB Bank Website [http://www.iibbank.ie/AnnualReports/?paraID=30]
*IIB Homeloans Website [http://www.iibbank.ie/homeloans/]
*KBC Ireland Website [http://www.kbc.ie]

*KBC Bank (Group) Website [https://www.kbc.be/IPA/D9e01/~E/~KBC/-]