BNP Paribas Fortis is an international bank based in
Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...
and is a subsidiary of
BNP Paribas. It was formerly, together with
Fortis Bank Nederland
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 200 ...
, the banking arm of the financial institution
Fortis. After the ultimately unsuccessful
ABN-AMRO takeover, the
subprime crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the coll ...
and management mistakes led to the sale of the Dutch and Luxembourg parts of the banking branch to the
Dutch
Dutch commonly refers to:
* Something of, from, or related to the Netherlands
* Dutch people ()
* Dutch language ()
Dutch may also refer to:
Places
* Dutch, West Virginia, a community in the United States
* Pennsylvania Dutch Country
People E ...
and
Luxembourg
Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...
governments. Fortis Bank itself was first partly bought by the
Belgian
Belgian may refer to:
* Something of, or related to, Belgium
* Belgians, people from Belgium or of Belgian descent
* Languages of Belgium, languages spoken in Belgium, such as Dutch, French, and German
*Ancient Belgian language, an extinct languag ...
government (for €4.7 billion), then fully purchased by the government and sold to
BNP Paribas.
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.
Fortis asset sale to BNP cleared with Dutch OK. Reuters, April 29, 2009
Retrieved 30 April 2009.
Herman Daems is Chairman of the Board of Directors of BNP Paribas Fortis. The CEO is Maxime Jadot.
Subsidiaries
* Fortis Investments - Asset Management, now part of BNP Paribas Investment Partners
BNP Paribas Asset Management is the dedicated, autonomous asset management business of BNP Paribas Group.
History
In 2007, BNP Paribas regrouped its function in asset management under the brand name BNP Paribas Investment Partners.
In 2010, t ...
* Fortis Lease Group
* Bank BGŻ BNP Paribas
* Dominet Bank
* Fortis Bank Turkey
* BGL SA
See also
*List of investors in Bernard L. Madoff Securities
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff. The amount missing from client accounts, over two thirds of which were fabricat ...
References
External links
Website for individuals & small enterprises
International & corporate site
Corporate & Public Bank, Belgium''The major role of the Générale de Banque in the development in Belgium industry'', in Source d'Histoire''The street Royale in the heart of economic history of Belgium'', in Source d'Histoire
{{Authority control
Banks of Belgium
BNP Paribas
Banks established in 1990