Fortis Bank

Type
Business expansion
Country
Poland
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
300 jobs
Number of planned job creations
Job creation
Announcement Date
25 January 2006
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2006

Description

In 2005, Fortis Bank earned 101 million PLN. According to company’s strategy, 2006 profits are to be even higher. The bank specializes in servicing SMEs. This activity has proved to be the most profitable so far. In order to reach desirable margins, Fortis plans to open six new subsidiaries and three SMEs service centres in 2006.

Sources

  • 10 February 2006: Rzeczpospolita

Citation

Eurofound (2006), Fortis Bank, Business expansion in Poland, factsheet number 62842, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62842.