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BNP Paribas Fortis is an international bank based in Belgium and a subsidiary of French banking group BNP Paribas.The bank was created in May 2009 after BNP Paribas acquired 75% of the Belgian Fortis Bank from the Federal Participation and Investment Company.
Essentially, the new deal confirms the status quo as it exists since December 12 (the Dutch parts being owned by the Dutch government, Fortis Bank and the portfolio of toxic credits being owned by the Belgian government, with plans to sell 75% of Fortis Bank to BNP Paribas, and with Fortis holding Fortis Insurance International and Fortis ...
Hello Bank! [14] Hello Bank! [15] BNP Paribas Fortis: Brussels/Online: GEBA BE BB ING Belgium: ING Group [16] Bank Bruxelles Lambert Brussels: BBRU BE BB KBC Bank: KBC Group NV [17] Kredietbank, Cera, Raffeisenkas, Centea (KBC Group NV) sold to Crédit Agricole Group (Belgium), [18] Bank van Roeselare Brussels: KRED BE BB Keytrade Bank: Crédit ...
The sales of the Fortis shares was suspended by a court order from the Court of Appeal on Friday, 12 December [21] [22] [23] In the end of January, the Belgian government and BNP negotiated for a 75% partnership in Fortis Bank Belgium. Fortis Insurance Belgium would be reintegrated in Fortis Holding. [24]
BNP Paribas, a French bank, took a majority stake in Fortis, while Belgian and Luxembourg governments became minority shareholders with blocking power in exchange for shares in BNP Paribas. [10] The deal does not include the main holding company, but does include the insurance and banking subsidiaries, except for Fortis Insurance International.
The company is the largest provider of insurance in Belgium, [8] owning 75% of AG Insurance [10] (the remainder is held by Fortis Bank N.V./S.A., which was sold to BNP Paribas in 2009). Products are sold through independent agents, brokers and financial planners, and through branches of BNP Paribas Fortis and its subsidiary Banque de La Poste ...
On June 23, 1999, all the Fortis banking companies merged, but the merger was not seen on the streets until March 21, 2000, when the name Fortis Bank was henceforth used. [7] Fortis Bank was created in 1999 from the merger of Générale de Banque and ASLK / CGER in Belgium, and Generale Bank Nederland, VSB Bank and MeesPierson in the ...
Rank Bank Total assets (billions of US dollars) Headquarter city 1 : HSBC: 2,919.84 London: 2 : BNP Paribas: 2,867.44 Paris: 3 : Crédit Agricole: 2,736.95 Paris