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Essentially, the new deal confirms the status quo as it exists since December 12 (the Dutch parts being owned by the Dutch government, Fortis Bank and the portfolio of toxic credits being owned by the Belgian government, with plans to sell 75% of Fortis Bank to BNP Paribas, and with Fortis holding Fortis Insurance International and Fortis ...
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 2008, the Dutch government first planned to invest €4 billion in exchange for an almost 50% interest in ...
After the global financial crisis of 2008, Fortis Bank's banking activities in the Netherlands are sold to the Dutch State. In Belgium, the State becomes a 99.93% shareholder of Fortis Bank. In 2009, BNP Paribas acquired 75% of Fortis Bank in Belgium, while the Belgian State acquired 10.3% of BNP Paribas' shares.
ABN AMRO Bank N.V. is the third-largest Dutch bank, [5] with headquarters in Amsterdam.It was initially formed in 1991 by merger of the two prior Dutch banks that form its name, Algemene Bank Nederland (ABN) and Amsterdamsche en Rotterdamsche Bank (AMRO Bank).
Fortis Bank in Delft. Fortis was the largest Belgian bank in early 2008, positioned mainly in the Benelux. From mid-2008 onwards, the bank began facing severe liquidity problems and its stock value began rapidly declining. The problem was exacerbated by the earlier acquisition of the Dutch bank ABN Amro, which had depleted Fortis' capital. [3]
De Nederlandsche Bank in Amsterdam ING Group is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks globally. With a history dating back to 1737, Van Lanschot Kempen is the oldest independent bank in the Netherlands , [ 1 ] the oldest independent bank in the Benelux [ 2 ] [ 3 ] and one of the oldest ...
Fortis Bank was created in 1999 from the merger of Générale de Banque and ASLK / CGER in Belgium, and Generale Bank Nederland, VSB Bank and MeesPierson in the Netherlands. During the credit crisis, parent company Fortis ran into major financial problems by stalling in its acquisition of ABN AMRO Bank N.V., eventually resulting in a ...
The retail and private banking as well as the asset management activities of the bank in the Netherlands would go to the Belgium based bank Fortis while the other international activities would go the RBS. [6] In the award-winning book "De Prooi" (Dutch: "The Prey") by journalist and professor Jeroen Smit the fall of ABN Amro is described. [7]