BNP Paribas Fortis in brief |
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BNP Paribas Fortis, the no. 1 bank in Belgium, offers the market a comprehensive package of financial services for private and professional clients, wealthy individuals, corporate clients, public entities and financial institutions. Today, it is organised around 4 core activities: Retail & Private Banking, Corporate & Public Banking, Corporate & Investment Banking and Investment Solutions. BNP Paribas Fortis supports its clients abroad with a unique pan-European network reinforcing the Group’s worldwide positions.
BNP Paribas Group, a leading European financial services provider of international standing, is the eurozone’s largest bank by deposits and is one of the six most solid banks worldwide according to Standard & Poor’s. It employs 202,000 people in more than 80 countries. The group occupies key positions with its core businesses in Retail Banking, Investment Solutions and Corporate & Investment Banking. BNP Paribas has four domestic markets in retail banking: Belgium, France, Italy and Luxembourg. It also has a significant presence in the US and leading positions in Asia and emerging markets.
Chairman and CEO
Herman Daems is chairman of the Board of Directors of BNP Paribas Fortis.
Jean-Laurent Bonnafé is CEO.
Both have been nominated in May 2009.
>> More about corporate governance
Core activities
BNP Paribas Fortis has the ambition to become the core banking partner of its clients. It will do so by properly addressing all its Belgian clients’ needs. Retail clients will be served directly through the right channel and at the right time and place. Private banking clients will be proposed an upgraded network (with enhanced proximity) and service offering. Companies and the public banking sector will be offered local and international services.
>> More about the activities
Leading market positions
- In its home market – Belgium – BNP Paribas Fortis has dense networks and large client pools. This market yields a large and stable base of retail deposits.
- Belgium: #1 in deposits, #2 in consumer lending
- Leadership in private banking in Belgium and Luxembourg ; substantial presence in Switzerland
- 5th largest asset manager for European domiciled funds (excl. money market)
- Top European player in international leasing
- Strong global positions in renewable energy and shipping industry
Legal company name
Fortis Bank is the name of the company, the official name denoting the legal entity referred to in the articles of association and under which official publications are made. Any document issued by the company bears the Fortis Bank name.
Key figures of Fortis Bank SA/NV
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30 June 2009 (first half-year) |
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| Total assets |
EUR 496 billion |
| Funds under management |
EUR 198 billion |
| Assets under management |
EUR 296 billion |
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| Total income, net of interest expense |
EUR 3,816 million |
| Net profit |
EUR 80 million |
>> More information in the financial reports
Ownership structure
The shareholders of Fortis Bank SA/NV, being the legal name of BNP Paribas Fortis, are BNP Paribas (74.93%), the Belgian State (25%) and Minorities (0.07%).
Fortis Bank SA/NV owns Fortis Bank Polska (99.8%), Fortis Bank Turkey (94%), Fortis Investment Management, its asset manager (85%, the other 15% held by BGL BNP Paribas) and BGL BNP Paribas (50.01%).
Staff
35,000 FTEs.
Geographical breakdown:
- 17,800 in Belgium,
- 5,200 in Turkey,
- 2,600 in Poland and
- 2,400 in Luxemburg;
- 7,000 in some 40 other countries
Credit ratings
AA (S&P), AA- (Fitch), A1 (Moody’s)
>> More details on the credit ratings
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