FORTIS (FINANCE)

'Fortis' (, , ) 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 and Federation of Bosnia and Herzegovina from Energoinvest Tat d.d.
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.

Contents

Acquisitions

See also

External links

References

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)

See also

★ List of Belgian companies

★ List of Dutch companies

★ European Financial Services Roundtable

External links

★ www.fortis.com

★ Fortis Bank Turkey

★ Yahoo! - Fortis Company Profile

★ [1]

References

1. Fortune Global 500 2007: Fortis