Fortis (finance)
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| Fortis SA/NV / Fortis N.V. | |
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| Type | Public (Euronext AMS: FORA, Euronext BRU: FORB) |
|---|---|
| Founded | 1990 |
| Headquarters | Brussels, Belgium and Utrecht, the Netherlands |
| 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 Brussels and Euronext Amsterdam.
In addition to acquiring a retail bank in Poland, 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.
Fortis Insurance UK has its own in-house worldwide medical emergency service, Assistance International
[edit] Acquisitions
- MeesPierson N.V. was acquired in 1996 from ABN AMRO, giving Fortis an instant presence in investment banking
- Algemene Spaar- en Lijfrentekas / Caisse Générale d'Epargne et de Retraite (ASLK/CGER) acquired in 1999 by Fortis
- Générale de Banque / General Bank (Generale Bank/Générale de Banque) was acquired in 1999 by Fortis
- Krediet aan de Nijverheid / Crédit à l'Industrie, (now called Fintro)
[edit] See also
[edit] External links
| BEL20 companies of Belgium | |
|---|---|
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Ackermans & van Haaren | Agfa-Gevaert | Bekaert | Belgacom | Cofinimmo | Colruyt | Delhaize Group | Dexia | Fortis | GBL | InBev | |
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| 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 |
