It also includes the writeoff of €53 million of an accumulated tax benefit – or so-called deferred tax assets – resulting from losses racked up during the financial crisis. The figure includes €81 million in staff restructuring costs and €170 million of loan impairment charges, after agreeing to sell its €10 billion-plus loan book in two deals, KBC Group said in its third-quarter financial statement. Belgian bancassurance giant KBC Group has booked a €319 million charge in its latest set of quarterly accounts to cover costs of exiting the Irish market.
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