Cash deposit bnp paribas fortis
A value enhancing industrial project, earnings accretive as early as 2010 before restructuring costs.
BNP Paribas proforma Tier 1 ratio will improve by approximately 35bps.
In Retail Banking, the roulette gratis speelgeld Group has four domestic markets: Belgium, France, Italy and Luxembourg.Preventing overindebtedness, cetelem launched the Customers in a fragile position programme in 2011 to identify as early as possible winamax code bonus 2017 people who may be experiencing difficulties and thus find a solution while the situation is still manageable.Upon approval from the regulatory authorities, and after share transfers between the main shareholders following the merger, it is expected that TEB Mali Yatrmlar.(TEB Mali) shall remain the majority shareholder in the merged bank and that the Colakoglu Group and the BNP Paribas Group will each continue to hold 50 of TEB Mali.As a consequence, the Belgian and Luxembourg states will become shareholders of BNP Paribas, with stakes.6 and.1 respectively, and Belgium will appoint two new members to join the BNP Paribas board.In Asset Management and Services, BNP Paribas will become a European top 5 player in asset management, the number 1 Eurozone private bank and the largest insurance player in Belgium (with a 30 market share).Main terms of the transaction, following the acquisition by the government of the Netherlands of Fortis Bank Nederland (Holding).V., including Fortis interest ABN Amro Holding.V.
The best solution for all stakeholders and one that positions the combined Group for growth and value creation in the new environment.900 million euros annual synergies forecast by 2012.In Belgium, the Group will have over 1,000 branches and 3 million customers, representing a market share of in excess.In retail banking, BNP Paribas will become the leader in Belgium and Luxembourg, two of the countries with the wealthiest customer bases in Europe.BNP Paribas has a tried and tested universal business model, based on the three pillars of retail banking, asset management services and CIB, which allows it to leverage this acquisition and create significant sustainable shareholder value.Within its peer group, press Contacts: Christelle Maldague.The transaction is fully consistent with the Groups acquisition discipline.Tangible book value per share accretion.2 per share as.09.09 (1).The businesses acquired consist of Fortis operations, excluding the Dutch operations acquired by the Dutch State.
The merger is expected to be concluded by the beginning of 2011.