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Designator | author. 2. FORTIS Group at a glance. Fortis is a Belgium/Dutch financial services company. Fortis ranks among the twenty largest financial institutions in Europe. Total assetsEUR bn775.0Market capitalisationEUR bn 43.4 Net Profit EUR bn 4.4 Return on equit
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1. Fortis Bank Magyarországi Fióktelepe
Experience of a new comer bank on the Hungarian banking market
Bernard Levie General Manager
Commercial Banking International
2. Designator | author 2 FORTIS Group at a glance Fortis is a Belgium/Dutch financial services company.
Fortis ranks among the twenty largest financial institutions in Europe.
Total assets EUR bn 775.0
Market capitalisation EUR bn 43.4
Net Profit EUR bn 4.4
Return on equity 22 %
Full time Employees 56.000
Fortis‘ long term Ratings AA- (S&P) Aa3 (Moody‘s)
3. Designator | author 3 Why Fortis came to Hungary ? In the development of its European strategy, Hungary was a must for Fortis
« Fortis wants to be one of the preferred bankers of the European oriented companies »
Many of our European customers have activities or intend to develop in Hungary
Important and growing number of Hungarian companies with activities abroad
Hungary is an open economy, and its economic integration within Europe offers plenty of opportunities
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4. Designator | author 4 The integration of the Hungarian companies in the global (European) economy is a fact, and it is growing
5. Designator | author 5 Fortis Commercial Banking
6. Designator | author 6
7. Designator | author 7 Fortis Hungary Target Group
Hungarian internationally active medium and large companies
European based companies with Hungarian activities
Competitiveness
- Being an integrated part of a network of 125 business centres accross Europe & Asia
Cross-border solutions through a single dedicated local relationship manager, backed by teams of specialists
Branch operation ? Cost efficiency
Growth possibilities – widening the product/service range
Leasing: takeover of two local leasing companies in 2006 (Fortis Lease)
Factoring: partnership with a local factoring service provider will be announced shortly
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8. Designator | author 8 Conclusion
Experiences of Fortis Hungary
First year of the full operation met expectations
- We found our market niche in Hungary, a professionnal and very competitive banking market
The Hungarian companies have a growing demand for tailor-made international financial services
Fortis is looking forward to participate in the expanding success of Hungarian companies abroad and European companies in Hungary.
They drive the economic growth that will help make Hungary and Europe a better place to live
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9. Thank you for your kind attention!