BNP Paribas Fortis

BNP Paribas Fortis
Subsidiary
Industry Financial services
Founded 1990
Headquarters Brussels, Belgium
Key people
 Maxime Jadot, CEO
Number of employees
 37,000, of which 18.000 in Belgium
Parent BNP Paribas

BNP Paribas Fortis is an international bank based in Belgium and is a subsidiary of BNP Paribas. It was formerly, together with Fortis Bank Nederland, the banking arm of the financial institution Fortis. After the ultimately unsuccessful ABN-AMRO takeover, the subprime crisis and management mistakes led to the sale of the Dutch and Luxembourg parts of the banking branch to the Dutch and Luxembourg governments. Fortis Bank itself was first partly bought by the Belgian government (for € 4.7 billion), then fully purchased by the government and sold to BNP Paribas.

BNP Paribas Fortis is the largest bank in Belgium. It offers a full range of financial services to private and corporate clients, wealthy individuals, companies, public and financial institutions. The activities are divided into four business lines: Retail & Private Banking, Corporate & Public Banking, Corporate & Investment Banking and Investment Solutions. The bank supports its clients abroad via offices in some 80 countries of the parent bank BNP Paribas.[1][2]

Subsidiaries

See also

References

  1. ↑ Resolutions of the General Meeting of Shareholders of Fortis SA/NV held on 28 April 2009 in Ghent 28 April 2009. Fortis Press. Retrieved 29 April 2009.
  2. ↑ Fortis asset sale to BNP cleared with Dutch OK. Reuters, April 29, 2009. Retrieved 30 April 2009.

External links

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