Fortis Bank Nederland (Holding) N.V. was a bank in the Netherlands until 2010. The holding came into being within

Fortis Group Fortis N.V./S.A., was a Benelux-centered global financial services group active in insurance, banking and investment management, initially formed in 1990 by a three-way Belgian-Dutch merger and headquartered in Brussels. It grew rapidly through m ...

, 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 The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities ...

. 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 The Netherlands is a parliamentary representative democracy. A constitutional monarchy, the country is organised as a decentralised unitary state.''Civil service systems in Western Europe'' edited by A. J. G. M. Bekke, Frits M. Meer, Edward E ...

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 MeesPierson is a Netherlands-based private bank headquartered in Rotterdam. The bank is known for managing the assets of the Dutch royal family. History Until 2009, the bank was known as Fortis MeesPierson. The name derives from the November 199 ...

- private bank *

Intertrust Group Intertrust (formerly Intertrust N.V.) is an international trust and corporate management company based in Amsterdam, Netherlands. In November 2022, it was acquired by Corporation Service Company. The company is best known for its fiduciary serv ...

, formerly known as Fortis Intertrust

Former subsidiaries

See also