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Fortis: Fortis Bank
built 658 days ago
Fortis is an international financial services provider engaged in banking and insurance. Fortis offers to its private, business and institutional clients a comprehensive package of products and services through its channels, in collaboration with intermediaries and through other distribution partners.
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Fortis would increase the number of branches in the Netherlands to 720 from 159 and add more than 4 million retail customers with the purchase. The combined private banking and asset-management units would manage about 500 billion euros in assets, Fortis, based in Utrecht and Brussels, said.
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Fortis is an international provider of banking and insurance services to personal, business and institutional customers. The company delivers a total package of financial products and services through its own high-performance channels and via intermediaries and other partners.
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To organise its services as efficiently as possibly, Fortis’ activities are divided into six businesses, three of which focus on banking and three on insurance. Each business develops specific products and services for its target customers, adopting a highly service-oriented focus.
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Fortis is still due to raise up to €13bn from its shareholders through a rights issue to fund the deal. The bank is expected to announce details of the issue, which is likely to be heavily discounted, in the next few weeks.
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Tracing its roots back to 1720 Fortis is now one of the most successful financial institutions in Europe, growing from a Benelux base. It provides banking and insurance services to personal, business and institutional customers.
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Fortis Bank