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Fortis (finance)
From Wikipedia, the free encyclopedia
| Fortis SA/NV / Fortis N.V. | |
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| Type | Public (Euronext AMS: FORA, Euronext BRU: FORB, LuxSE: FOR) |
| 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 |  € 96.602 billion (2006) |
| Operating income | € 5.443 billion (2006) |
| Net income | € 4.413 billion (2006) |
| Employees | 56,866 (2006) |
| Slogan | Solid Partners, Flexible Solutions |
| Website | www.fortis.com |
Fortis (Euronext: FORA, Euronext: FORB, LuxSE: FOR) is a banking, insurance, and investment management company, and is the 20th largest business in the world by revenue.[1] 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. It is listed both on Euronext Brussels and Euronext Amsterdam stock exchanges.
In addition to acquiring a retail bank in Poland, Fortis acquired 89.3% of the shares of Turkey's fifth 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. Fortis is the shirt sponsor of the R.S.C. Anderlecht and Feyenoord Rotterdam football clubs. Fortis is also the main sponsort of the Turkish Football Cup
Contents |
- 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)
- Pacific Century Insurance Holdings was acquired in 2007, now called Fortis Insurance Company (Asia) Limited
- On October 8 2007 a consortium of three European banks, Royal Bank of Scotland Group, Fortis and Banco Santander, announced the acquisition of ABN AMRO.
 BEL20 companies of Belgium |
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Ackermans & van Haaren · Agfa-Gevaert · Bekaert · Belgacom · Cofinimmo · Colruyt · Delhaize Group · Dexia · Fortis · GBL · InBev · KBC Groep · Mobistar · NPM/CNP · Omega Pharma · Solvay · Suez · UCB · Umicore |
 AEX companies of the Netherlands |
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AEGON · Ahold · Akzo Nobel · Arcelor Mittal · ASML · Corporate Express · DSM · Fortis · Hagemeyer · Heineken · ING Group · KPN · Philips · Randstad · Reed Elsevier · Royal Dutch Shell · SBM Offshore · TomTom · TNT · Unibail-Rodamco · Unilever · Vedior · Wolters Kluwer |
 LuxX Index companies of Luxembourg |
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Arcelor Mittal · BIP Investment Partners · Cegedel · Dexia · Fortis · Foyer · KBC Group · Luxempart · RTL Group · SES |