BNP Paribas Fortis

BNP Paribas Fortis is an international bank based in Belgium and is a subsidiary of BNP Paribas. It was formerly, together with Fortis Bank Nederland, the banking arm of the financial institution Fortis. After the ultimately unsuccessful ABN-AMRO takeover, the subprime crisis and management mistakes led to the sale of the Dutch and Luxembourg parts of the banking branch to the Dutch and Luxembourg governments. Fortis Bank itself was first partly bought by the Belgian government (for €4.7 billion), then fully purchased by the government and sold to BNP Paribas.

BNP Paribas Fortis
TypeSubsidiary
IndustryFinancial services
Founded1990
HeadquartersBrussels, Belgium
Key people
Michael Anseeuw, CEO
Number of employees
37,000, of which 18.000 in Belgium
ParentBNP Paribas
Websitewww.bnpparibasfortis.be

BNP Paribas Fortis is the largest bank in Belgium. It offers a full range of financial services to private and corporate clients, wealthy individuals, companies, public and financial institutions. The activities are divided into four business lines: Retail & Private Banking, Corporate & Public Banking, Corporate & Investment Banking and Investment Solutions. The bank supports its clients abroad via offices in some 80 countries of the parent bank BNP Paribas.[1][2]

Herman Daems is Chairman of the Board of Directors of BNP Paribas Fortis. The CEO is Michael Anseeuw.

Subsidiaries

  • Fortis

See also

References

Media related to BNP Paribas Fortis at Wikimedia Commons

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