Banking business helps lift Fortis's net 34%

Article Abstract:

Fortis, which is owned by Fortis AG of Belgium and Fortis Amev, has reported a 34% increase in net profits for the first half of 1998. The company's first half net profit rose from 660 million European currency units (ECUs) to 886 million ECUs. The company attributes its strong first-half profit results to extraordinary capital gains and strong performance of its banking units. According to the company, its recent acquisition, Generale Banque, helped boost its profits with its ideal banking conditions and contributions.

Comment:

Has reported a 34% increase in net profits for the first half of 1998

Banking Institutions, Depository Credit Intermediation, Banks (Finance), Fortis, Article

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Banking, insurance fuel gain of 18% in KBC's profit

Article Abstract:

KBC Bankassurance SA posted an increase of 18% in its net profits for the 1999 first-half. The bank, helped by traditional banking and insurance operations, posted 460 million euros ($487.6 million) in net profits for the period.

Commercial Banks, Commercial Banking, Banking industry, KBC Bankassurance S.A.

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Fortis net profit soars on strength of capital gains

Article Abstract:

Fortis posted an increase of 86% in its net profits for the 2000 first-quarter. The company posted 851 million euros in net profits for the period.

Financial Services, Finance and Insurance, Financial services industry, Fortis A.G.

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