BNP Paribas Fortis Company Description
Fortis saw its fortress walls falling down, but with the reinforcement assistance from new parent BNP Paribas hopes to rebuild itself. The European bank was nationalized in 2008 to prevent its collapse when share values plummeted. The following year, after wrangling with shareholders and regulators, BNP acquired a majority stake of 75% of Fortis Banque (also known as Fortis Bank) and rebranded the company BNP Paribas Fortis. Fortis provides retail banking, merchant banking, private banking, and asset management services. The company operates more than 1,000 branches in Belgium.
View the Comprehensive Company Description for BNP Paribas Fortis
The Company Description provides a historical perspective of BNP Paribas Fortis's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of BNP Paribas Fortis's evolution in the marketplace.
