Fortis (finance)
From Wikipedia, the free encyclopedia
| Fortis SA/NV / Fortis N.V. | |
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| Type of Company | Public (Euronext AMS: FORA, Euronext BRU: FORB) |
|---|---|
| Founded | 1990 |
| Headquarters | Utrecht, the Netherlands and Brussels, Belgium |
| Key people | Jean Paul Votron, CEO |
| Industry | Financial services |
| Products | Commercial bank Investment bank Insurance |
| Revenue | 60 billion euro |
| Employees | 56,382 |
| Slogan | Solid Partners, Flexible Solutions |
| Website | www.fortis.com |
Fortis (Euronext: FORA and Euronext: FORB) is a large banking, insurance, and investment management company. The Benelux are Fortis' home base and its strength. Fortis' banking operations include network (retail), commercial, and merchant banking; its insurance products include life, health, and property/casualty lines. Products are sold through independent agents and brokers, financial planners, and through Fortis Bank branches. Fortis is the shirt sponsor of R.S.C. Anderlecht and Feyenoord Rotterdam. It is listed both on Euronext Amsterdam and Euronext Brussels.
Fortis acquired 89.3% of the shares of Turkey's seventh largest privately owned bank Dışbank from Doğan Group on April 11, 2005. Considering the outstanding public shares, the total bid is approximately €985 million. From November 28, 2005 on, the network of 173 branches of Dışbank was rebranded Fortis.
As of 2006 its profits were 4.56 billion according to forbes magazine with a market value of 45.74 billion
Fortis acquired Dryden Wealth Management from Prudential Financial on 4 October 2005.
[edit] Acquisitions
- Algemene Spaar- en Lijfrentekas / Caisse Générale d'Epargne et de Retraite (ASLK/CGER) fusion in 1999? to Fortis
- Générale de Banque / General Bank (Generale Bank/Générale de Banque) fusion in 1999? to Fortis
- Krediet aan de Nijverheid / Crédit à l'Industrie, (now called Fintro)
[edit] See also
[edit] External links
| AEX companies of the Netherlands |
|---|
| ABN AMRO • AEGON • Ahold • Akzo Nobel • ASML • Buhrmann • DSM • Fortis • Getronics • Hagemeyer • Heineken • ING Group • KPN • Numico • Philips • Reed Elsevier • Rodamco Europe • Royal Dutch Shell • SBM Offshore • TomTom • TNT • Unilever • Vedior • Wolters Kluwer |
| BEL20 companies of Belgium | |
|---|---|
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Agfa-Gevaert | Barco | Bekaert | Belgacom | Cofinimmo | Colruyt | Delhaize Group | Dexia | Fortis | GBL | InBev | |
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