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Fortis Bank Nederland (formally Fortis Bank Nederland (Holding) N.V.) was a bank in the Netherlands until 2010. The holding came into being within Fortis Group, as a holding for those Dutch banks taken over by Fortis. In September–October 2008, the Dutch government first planned to invest €4 billion in exchange for an almost 50% interest in ...
The initial investment by Belgium (€4.7 billion), and presumably that by Luxembourg (€2.5 billion), and the price paid for the Dutch banking activities (€12.8 billion) remain with Fortis Bank SA/NV, while those received for the insurance companies (€4 billion from the Dutch and €5.73 billion from BNP Paribas) go to Fortis Group.
After the global financial crisis of 2008, Fortis Bank's banking activities in the Netherlands are sold to the Dutch State. In Belgium, the State becomes a 99.93% shareholder of Fortis Bank. In 2009, BNP Paribas acquired 75% of Fortis Bank in Belgium, while the Belgian State acquired 10.3% of BNP Paribas' shares.
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 Agricole (100%) (2007) VMS-Keytrade (1998–2002), bought RealBank (2002) Brussels: KEYT BE BB MeDirect Bank ...
Ageas is a Belgian multinational insurance company co-headquartered in Brussels.Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insurance activities remaining after the breakup and sale of the financial services group Fortis during the financial crisis of 2007-2010.
The remaining Fortis Bank Netherlands was in the hands of the Dutch Government which merged it with other ABN AMRO holdings it already owned under the name ABN AMRO. In May 2009, BNP Paribas became the majority shareholder (65.96%) of BGL (formerly Fortis Bank Luxembourg), the State of Luxembourg retaining 34% making BNP the eurozone's largest ...
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In 2008 the insurance component became government owned when the Dutch Government took control of Fortis to prevent the bank and insurer from failing during the 2007–2008 financial crisis. On November 21, 2008, the Dutch Finance Minister , Wouter Bos announced that they would spin off Fortis Insurance Nederland NV using the revived name of ...