by Pierre Ferzstand, Global Head of Cash Management, BNP Paribas
On 12th May 2009, BNP Paribas completed the acquisition of Fortis Bank, becoming the number one bank in Europe for deposits and comprehensive European coverage. Following months of uncertainty and fragility in the banking market, BNP Paribas has remained resilient through the crisis. With the acquisition of Fortis Bank, the newly combined business is poised for future success in supporting our clients and delivering product and service innovation. BNP Paribas and Fortis Bank are highly complementary businesses, with each partner bringing strength and expertise in particular customer segments and geographies.