Crisis puts pressure on Fortis’ 2007 result 07/03/2008 00:00
Fortis was severely affected last year by the international credit crisis.
7 March 2008
AMSTERDAM - Fortis was severely affected last year by the international credit crisis. The Belgian-Dutch bank and insurance company lost EUR 2.7 billion as a result. More than half of that amount was deducted from the net profit.
The net profit came to EUR 4 billion last year. In 2006 it was 4.35 billion. Investors responded negatively. At the start of trading Fortis’ share price fell 4 percent.
Fortis took over ABN AMRO last year as part of a consortium with Spanish Banco Santander and Royal Bank of Scotland. Fortis says the integration is going according to plan.
[Copyright Expatica News 2008]
1 reaction to this article
Damion posted: 07-03-2008 | 11:26 AM
At the end of the year, Fortis had 4000000000 more Euros than it started the year with. All things considered, not a bad year in my opinion.
Best summer photo: ethnic beauty at T’nalak festival
Expatica reader Ronald de Jong captured this image at the T’nalak festival in the Philippines.
- Dutch news in brief, Tuesday 26 August 2008 : Find out what’s the latest news in the Netherlands in the roundup of today’s press from Radio Netherlands.
- Dutch elderly retain right of resuscitation : Health inspection centre says Dutch elderly homes should not implement a non-resuscitation policy for cardiac-arrest residents.
- Dutch news in brief, Monday 25 August 2008 : Find out what’s the latest news in the Netherlands in the roundup of today’s press from Radio Netherlands.
- Rotterdam court disallows Muslim's job claim : A Dutch court has ruled that the local council was justified in denying a job to a Muslim man who refused to shake hands with women.
top3
- Employment
- Website for expat researchers
- The Dutch social security system
- How to write a dynamite resume
- Health
- Healthcare in the Netherlands
- Childbirth in Holland
- Hospitals in the Netherlands
- Finance
- The 30% ruling: Are you eligible?
- Tax measures 2008
- Ask the expert: International tax
internaxx
| Index | Last | Var.(%) |
|---|---|---|
| BEL 20 | 3002.39 | -2.08 |
| DAX | 6127.44 | -2.42 |
| IBEX 30 | 11139.7 | -2.97 |
| CAC 40 | 4196.66 | -2.49 |
| FTSE 100 | 5240.7 | -2.26 |
| AEX | 389.22 | -2.00 |
| DJIA | 11220.96 | 0.29 |
| Nasdaq | 2255.88 | -0.14 |
| MIB 30 | 28131 | -2.43 |
| TSX Composite | 12816.42 | 0.02 |
| ASX | 5114.9 | 3.34 |
| Hang seng | 20679.54 | 3.74 |
| Straits Times | 2668.89 | 3.68 |
also on expatica
- Share your content! Expatica is looking for readers who want to contribute regularly to our websites.
- Expatica Classifieds Read and publish classified ads quickly, easily, and for free!
- A parents' guide to international education Confused by the options? Here's an introduction to international education in the Netherlands.
- Join the Expatica community Meet, make friends and network with other internationals just like you
- Expatica’s 2008 Expat Survey Expatica is conducting an audience survey to better understand our readers. Take the survey here.
- Renting or buying in the Netherlands? Here is our introduction to the housing market in the Netherlands. Should you rent or buy?
- What is your life like as an “expat”? Share your expat experience as a panel member of the European Expat Panel.
