Oireachtas Joint and Select Committees

Tuesday, 10 July 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: KBC Bank

2:00 pm

Mr. Wim Verbraeken:

KBC Group received state aid during the crisis through loans from the state both at federal level and regional level, and those loans were repaid with interest and prepayment penalties, I believe, three or four years ago in the last tranche. None of the money we paid to Belgium was related to the dividends we paid in Ireland.