Fortis Bank Nederland

Up until 2010, Fortis Bank Nederland (Holding) N.V., a bank in the Netherlands, operated. The holding was created within the Fortis Group as a holding for the Dutch banks that Fortis had acquired. The Dutch government had intended to invest €4 billion in September–October 2008 in exchange for a nearly 50% stake in the company (in newly issued shares), but the deal was quickly canceled. Fortis Bank Nederland was valued at €5 billion when the Dutch government acquired all of Fortis' Dutch operations for a total of €16.8 billion.

Following that, Fortis Bank Nederland made headlines for losing €1 billion in the Madoff investment fraud. It stated in March 2009 that it generated an operational profit of €0.6 billion in 2008, excluding huge write-offs. The Dutch government incorporated Fortis Bank Nederland into the new ABN AMRO in February 2010 and sold off some of its components. The Fortis name was dropped on July 1 of that year, marking the official completion of the integration.

Founded: 2010
Headquarter: Netherlands
Website: https://www.bnpparibasfortis.com