The Finance Minister says KBC leaving the Irish market will alter the competitive landscape of the sector.
The bank is in talks with Bank of Ireland regarding the sale of it's performing loan assets and liabilities.
KBC is also looking to divest it's non-performing mortgage loans.
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In a statement, the bank says if both transactions are completed, it will withdraw from the Irish market.
Minister Paschal Donohoe says there will still be choice for consumers:
