Pearse Doherty (Donegal, Sinn Fein)
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Moving on to the fact that it is regrettable that KBC is withdrawing from the Irish market, Mr. Blažek is aware that the Competition and Consumer Protection Commission, CCPC, has decided to carry out a full phase 2 investigation into the proposed acquisition of certain assets and liabilities of KBC by Bank of Ireland. Can Mr. Blažek outline the acquisition by Bank of Ireland, including the value and profile of the loan book involved and the staff who would transfer as part of that loan book? What engagement has KBC had with the investigation by the CCPC? When is the outcome of that investigation expected? Does Mr. Blažek have any concerns about competition from KBC's exit from the market? As he knows, there are not a huge number of players left. What is the expected timeline for the sale of the loan book and the assets and liabilities to Bank of Ireland?