Fortis loses EUR22bn for 2008; Cancels dividends

David Benyon
01 Apr 2009

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Regulation

BRUSSELS - Benelux bank Fortis has announced its shareholders will receive no dividends for 2008 due to a net loss of EUR22.5 billion for the year, mainly from its Fortis Bank operations. The announcement came in a statement on March 15, which added that the firm remains solvent.

The bank was the recipient of a joint Belgium, Netherlands and Luxembourg emergency rescue last year, which resulted in an attempt by French bank BNP Paribas, which has since been stalled, to buy out most of the group's nationalised Belgian banking and insurance assets.

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info[email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You are currently on corporate access.