Irish Bank chief quits as results released [1]

[2]  KBC chief executive John Reynolds resigned on the same day as the bank announced it is significantly increasing bad loan provisions for the year.

In a sign the Belgian-owned bank has accelerated its attempts to work through its troubled loans, it has significantly increased the amount of bad debt provisions it will incur this year.

Mr Reynolds will leave the bank after 29 years of service “to pursue other opportunities”.

More on: irishexaminer.com [2]