KBC Bank Ireland is set to open a new retail banking hub in university town of Maynooth as part of its strategy to become a full retail bank in the country.

KBC, which is still a small player in the Irish market, plans to give third-level students €100 in cash over the next six months if they set up a current account with the bank, businessandleadership.com has reported.

Dara Deering, executive director and head of retail banking at KBC Bank Ireland said: "We know that people in Maynooth are looking for a genuine banking alternative and KBC is responding with attractive, competitively priced products to suit their personal banking needs."

Over the past 18 months, the bank opened retail banking hubs in Dublin, Cork, Limerick and Galway.

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