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
Subsidiary
IndustryFinancial services
PredecessorFortis 
Founded1990
HeadquartersBrussels, Belgium
Key people
Maxime Jadot, CEO
Number of employees
37,000, of which 18.000 in Belgium
ParentBNP Paribas
Websitewww.bnpparibasfortis.com/ 

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 Maxime Jadot.

Subsidiaries
  • Fortis Investments - Asset Management, now part of BNP Paribas Investment Partners
  • Fortis Lease Group
  • Bank BGŻ BNP Paribas
  • Dominet Bank
  • Fortis Bank Turkey
  • BGL SA

See also
  • List of investors in Bernard L. Madoff Securities

References
  1. Resolutions of the General Meeting of Shareholders of Fortis SA/NV held on 28 April 2009 in Ghent 28 April 2009. Fortis Press. Retrieved 29 April 2009.
  2. Fortis asset sale to BNP cleared with Dutch OK. Reuters, April 29, 2009. Retrieved 30 April 2009.

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