Fortis (finance)

Encyclopedia : F : FO : FOR : Fortis (finance)

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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 EUR 985 million. From November 28, 2005 on, the network of 173 branches of Dışbank was rebranded Fortis.

Fortis acquired Dryden Wealth Management from Prudential Financial on 4 October 2005.

Acquisitions

• Algemene Spaar- en Lijfrentekas (ASLK/CGER) sold in 1998? to Fortis
• General Bank (Generale Bank/Banque Générale) sold in 1999? to Fortis
• Krediet aan de Nijverheid, (now called Fintro)

See also

• List of Belgian companies
• List of Dutch companies

External links

• [www.fortis.com]
• [Yahoo! - Fortis Company Profile]

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 | Royal Dutch Shell | SBM Offshore | TomTom | TNT | Unilever | Vedior | VNU | Wolters Kluwer

BEL20 companies of Belgium
Agfa-Gevaert | Barco | Bekaert | Belgacom | Cofinimmo | Colruyt | Delhaize Group | Dexia | Fortis | GBL | InBev | KBC Groep | Mobistar | NPM | Omega Pharma | Solvay | Suez | UCB | Umicore

 

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