BNP Paribas notes today's ruling by the Brussels Commercial Court.
The project already under way, in which Fortis Bank and Fortis Insurance Belgium will join forces with BNP Paribas, in partnership with the Belgian and Luxembourg States, will continue as planned. Its implementation will provide the stability and calm that Fortis needs in order to finance, insure and support the projects of all its clients – companies and individuals – in the service of the Belgian and Luxembourg economies. Joining forces with BNP Paribas, a solid European group with one of the three highest ratings in the world from Standard and Poor's, puts an end to all uncertainty for customers and employees of Fortis. The new group formed in this way will be the euro-zone's leading bank in terms of deposits.
Contacts in the field have convinced BNP Paribas of the willingness of Fortis staff to commit themselves entirely to all their customers in order to make the new group a resounding success. BNP Paribas is committed to realise the project in accordance with the established conditions, in the interests of customers, employees and the Belgian and Luxembourg communities in general.About BNP Paribas
BNP Paribas (www.bnpparibas.com
) is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor's. The group is present in 85 countries, with more than 171,000 employees, including 131.000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.