BNP Paribas Fortis

BNP Paribas Fortis
Company typeSubsidiary
IndustryFinancial services
Founded2009
HeadquartersBrussels, Belgium
Key people
Michael Anseeuw, CEO
Number of employees
37,000, of which 18.000 in Belgium
ParentBNP Paribas
Websitewww.bnpparibasfortis.be

BNP Paribas Fortis is an international bank based in Belgium and a subsidiary of French banking group BNP Paribas. The bank was created in May 2009 after BNP Paribas acquired 75% of the Belgian Fortis Bank from the Federal Participation and Investment Company. 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 subsequent global financial crisis (GFC) 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.


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