Bourse-listed Fortis books profit

The bourse-listed remains of the Fortis financial services group booked net profit of €44m in the first quarter of this year, the company said in a statement on Thursday.

The listed part of Fortis is now largely an insurance company. Its Belgian operations booked earnings of €5m, the global operations €8m and general operations €31m.
Fortis was broken up following its share price collapse due to its involvement in the €73bn takeover of ABN Amro and the economic crisis. The Dutch operations have been nationalised and the Belgian banking unit sold to France’s BNP.

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