History
Fortis was founded as AG Leven in 1824. AG Group and AMEV/VSB merged in 1990 to form Fortis. In 2000, AG changed its name to Fortis AG.Mission
The mission of Fortis is to rank among the top financial institutions in Europe and to pursue selective expansion in Asia and North America. The company’s goal is to provide top-quality services. Fortis strive to achieve growth both organically and by means of selective acquisitions and strategic partnerships, while adhering to sound cost management.Area of Operation
The businesses of Fortis are:
- Banking :
- Retail Banking
- Merchant Banking
- Commercial & Private Banking
- Other Banking
- Insurance
Key Statistics
- Fortis holds assets of $859.90 billion.
- Fortis has made profits of $4.89 billion in 2006.
- Fortis operates internationally.
- Fortis has 54,245 employees.
Organization
The organization of Fortis includes:- Businesses:
- Retail Banking
- Commercial & Private Banking
- Merchant Banking
- Insurance Belgium
- Insurance Netherlands
- Insurance International
- Horizontal Functions:
- Chief Operating Officer & Deputy CEO
- Chief Financial Officer
- Chief Strategy Officer
- Chief Executive Officer
- Board of Directors
- Executive Management
- Executive Committee
International Ranking
- Fortis ranks 38 in the world according to Forbes Magazine list.
- Fortis ranks 18 in Fortune Global 500 list.
Recent Merger and Acquisition
2004:- In January, Fortis and ICBC (Asia) signed an agreement to merge the consumer and commercial banking activities of Fortis Bank Asia HK and ICBC (Asia).
- In June Fortis acquired Deutsche Immobilien Leasing France and 10% of Banca Intermobiliare in Italy.
- In July, Fortis acquired 93.3% of Disbank.
- In January, Fortis acquired a 51% stake in a joint venture (Millenniumbcp Fortis) with Banco Comercial Português.
- In June, Fortis signed an agreement to acquire Cinergy Marketing & Trading.
- Acquisition of Hedge Fund Services.
- Acquisition of Von Essen KG Bankgesellschaft.
Headquarter Address
Head Offices: Fortis SA/NVRue Royale 20
1000 Brussels,
Belgium
Tel.: +32 (0)2 565 11 11
Fax: +32 (0)2 565 42 22
Fortis N.V. Archimedeslaan 6
3584 BA Utrecht,
The Netherlands
Tel.: +31 (0)30 226 62 22
Fax: +31 (0)30 226 98 35
Website URL: www.fortis.com