Exicon (formerly KBCI) are in the process of completing an orderly winddown from the Irish Market.
On the 16th April 2021 KBC Bank NV announced its intention to begin an orderly and phased exit of KBCI (now Exicon) from the Irish market. As KBCI (now Exicon) would no longer be operating in the Irish market, on the 25th May 2023 KBCI (now Exicon) and KBC Bank NV (Exicon’s Belgian parent company), acting through its branch in Ireland agreed the transfer of any remaining accounts and servicing activity to KBC Bank NV Dublin Branch (“KBC Dublin Branch”). On the 13th of September 2023 the Minister for Finance approved the Transfer. On the 01st December 2023 the Transfer completed. KBCI (now Exicon) has since changed its company type under the Companies Act 2014 (as amended) from a public limited company (plc) to a Designated Activity Company (DAC).
KBCI also changed its company name from KBC Bank Ireland DAC to Exicon DAC.
Effective from 30 April 2024, Exicon DAC returned its banking licence to the Central Bank of Ireland, after having received approval from the Central Bank of Ireland and European Central Bank.
On the 15th May 2024, following the return of Exicon DAC’s banking licence and as a logical next step in the orderly withdrawal of KBC Group from the Irish market, Mr James Anderson of Deloitte Ireland LLP, Deloitte & Touche House, 29 Earlsfort Terrace, Dublin 2, D02 AY28 Ireland was appointed as liquidator of Exicon DAC (formerly KBC Bank Ireland DAC).
On the 1st of May 2025 the final meeting of Exicon DAC (in voluntary liquidation) was held to dissolve the company and the Companies Registration Office will shortly formally update Exicon DAC’s status to “dissolved”.
KBC Dublin Branch are on hand to support previous KBCI (Exicon) customers if they have a query. You can find more information on how to contact KBC Dublin Branch on the Get in Touch page.
Regulatory Status
KBC Bank NV is a public limited liability company incorporated under the laws of Belgium, with registered office at Havenlaan 2, 1080 Brussels, Belgium VAT BE 0462 920 226. KBC Bank NV Dublin Branch with registered office at Scotch House, 6-7 Burgh Quay, Dublin 2, D02 VK44, Ireland with registration number 904213. KBC Bank NV Dublin Branch is licenced by the National Bank of Belgium in Belgium and is regulated by the Central Bank of Ireland for conduct of business rules.
