As per reports, it has been revealed that KBC Bank Ireland is going to open its first retail bank on Baggot Street in Dublin today. The bank, which has been operating in the sectors of the Irish mortgage and deposit market for a long time, is going to make its entry in the retail sector for the first time.

While providing some details about the bank, experts affirmed that it was some four decades ago that the bank was established. At that time, it used to mainly operate in corporate lending, but with passage of time, it started exploring other areas.

John Reynolds, chief executive of the bank was of the view that their main aim of opening a branch in the Dublin was to expand their networking area. If all things went as per the plans then they are expecting a number of such branches in other cities of Ireland.

Expansion of branch also means an increase in the recruitment rate. It has been found that the bank has recruited 100 more employees to take the number to 700. Reynolds said that they would not mind saying that the novel opening of the branch is the symbol of increased joining of customers.

''Our focus is on being a leading retail bank, providing attractive savings, mortgage and other financial services to consumers. We are committed to providing sustainable competition in the Irish market", said Reynolds.