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Fortis Bank Netherlands Swings to Loss
The Dutch half of the former Fortis NV said Thursday it swung to a loss last year, hit by a €17.7 billion ($24.07 billion) write-down related to the sale of its ABN Amro assets to the Dutch government. Fortis Bank Netherlands posted a net loss of €18.49 billion ($25.14 billion) for 2008, compared with...
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READ MORE: ABN Amro, Fortis Bank Netherlands Swings, Fortis Bank Nederland, Dutch, Fortis NV, billion euros
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By: BiodunIginla
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News Stories
- News Source: Dutch News | 8 months agoThose that ignore the call have no future at the bank, Zalm is reported as saying. The bonuses were aimed at keeping top staff loyal to the Dutch bank following the lengthy takeover battle for ABN Amro in 2007. But now the future of ABN Amro is...
- News Source: Asian Wall Street Journal | 8 months agoThe Dutch half of the former Fortis NV said Thursday it swung to a loss last year, hit by a €17.7 billion ($24.07 billion) write-down related to the sale of its ABN Amro assets to the Dutch government. Fortis Bank Netherlands posted a net loss of ...
- News Source: MarketWatch | 8 months agoThe Holland operations of Fortis lost 18.5 billion euros ($25 billion) last year, mostly on the poisoned chalice of ABN Amro that it transferred to the Dutch government. According to a statement released Thursday, Fortis Bank Nederland lost 18.5...
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