Fortis Bank Nederland

Dutch financial service corporation

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 the holding (in new-to-be-issued shares), but within a week the agreement was cancelled. The Dutch government took over all the Dutch parts of Fortis for a total of €16.8 billion; in this take-over, Fortis Bank Nederland was valued at €5 billion.

Later, Fortis Bank Nederland appeared in the news because it had lost €1 billion in the Madoff investment scandal. In March 2009, it reported that during 2008 it had an operational profit of €0.6 billion; this excluded (massive) write-offs.

In February 2010 Fortis Bank Nederland was integrated into the new ABN AMRO by the Dutch Government and some parts were sold off. On the July 1 that year the integration was officially completed and the Fortis name ended.

Former subsidiaries

Fortis Commercial Finance (FCF)
Finodis
MeesPierson - private bank
Intertrust Group, formerly known as Fortis Intertrust

Bancassurance	ING Group Rabobank De Volksbank
Other Banks	ABN Amro Alex ASN Bank Amsterdam Trade Bank Bank Nederlandse Gemeenten Binck Bunq De Lage Landen ELQ Hypotheken Friesland Bank Nederlandse Waterschapsbank NIBC Bank Postbank SNS Bank Sparck Triodos Bank
Private banks & asset management	APG Insinger de Beaufort Kempen & Co MeesPierson Oyens & van Eeghen Robeco Schretlen & Co Staalbankiers Theodoor Gilissen Bankiers Van Lanschot Kempen