New President Appointed at the Irish Banking Federation

January 31, 2012

John Reynolds, Chief Executive of KBC Bank Ireland plc, has been appointed President of the Irish Banking Federation (IBF) for a two-year term.  In that capacity he will also sit on the Board of the Brussels-based European Banking Federation of which IBF is a member.

John has been very active in the affairs of IBF for many years and particularly since taking up the KBC Bank Ireland CEO position in 2009.  His career in banking began in 1980 when he joined ICC, the state development bank.  Five years later he moved to KBC Bank Ireland, where he has held various lending roles over the years.  He joined the bank’s Board in 1996. 

A native of Culdaff in Donegal, John is an Economics graduate of Trinity College and holds a Masters Degree in Banking and Finance from UCD. 

“I am pleased and honoured to serve as IBF President for the next two years”, John Reynolds stated.  “Notwithstanding the very serious challenges facing our sector, I believe that we have the capacity and the commitment to play our part in driving national economic recovery and in restoring public trust and confidence in our institutions. 

During my Presidency I expect a number of the key challenges to include implementing a system of debt reform that appropriately balances the interests of borrower and lender; identifying the new norm for mortgage market activity; providing finance and non-finance supports for viable businesses; and developing a sustainable banking model in Ireland. 

In addressing these and the many other challenges that face us I will be conscious of the need to work closely and constructively with all of our stakeholders.”

IBF President, John Reynolds