Fortis in brief


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	Annual report Board of directors Publications Annual information published by Fortis

Fortis is an international provider of banking and insurance services to personal, business and institutional customers. We deliver a total package of financial products and services through our own high-performance channels and via intermediaries and other partners.

Fortis ranks among Europe’s top 20 financial institutions, with a market capitalisation of EUR 40 billion at year-end 2007. Together with ABN AMRO, we have a presence in over 50 countries and a dedicated, professional workforce of more than 85,000. All this makes us a leader in financial services in Europe, a top 3 private banker and a top tier asset manager.

Chairman and CEO

Maurice Lippens is Chairman of the Board. He has been a Board Member since 1981.
Herman Verwilst has been CEO of Fortis since 11 July 2008.

Businesses

Fortis is a leader in financial services in the Benelux region – one of Europe’s wealthiest. Building on that leadership, we have developed an extensive European footprint in the retail banking market, operating through a variety of distribution channels. We offer financial services to companies, institutional clients and high net worth individuals and provide integrated solutions to the enterprise and the entrepreneur. Our unique expertise has made us a regional and in some cases global leader in niche markets, such as energy, commodities and transportation, and fund administration. We successfully combine our banking and insurance skills in growth markets in Europe and Asia, and we excel in bancassurance in several countries, like Belgium, Portugal and Malaysia.

Pie chart: Contribution to net profit (9M 2005)

Stock exchange listings

Fortis has a primary listing on both Euronext Amsterdam (code FOR A) and Euronext Brussels (code FORB) and a secondary listing in Luxembourg. In the United States, Fortis has a sponsored over-the-counter ADR programme. Fortis shares outstanding, carrying voting rights and entitled to dividend, amounted to 2,201,559,674 at the end of 2007.

Fortis shares are included in the Dow Jones Sustainability STOXX Index, the Dow Jones Sustainability World Index and the FTSE4Good, as well as in many other prominent indexes.

Our growth strategy

• Strengthen our competitive position by focusing on the customer and optimising cross-selling
• Roll out our core competences built in Benelux to new markets
• Enhance our support functions to increase efficiency and facilitate controlled growth
• Accelerate growth through smart add-on acquisitions
• Concentrate on Europe while pursuing selective growth in Asia and North America

Fortis in figures

IFRS	2007	2006	2005
Income (EUR million)	120,457	96,602	90,419
Net profit (EUR million)	3,994	4,351	3,941
Earnings per share (EUR)	2.30	3.38	3.07
Return on equity (%)	17.1	22.0	23.0
Cost / income ratio (%, Banking)	61.9	61.2	62.3
Combined ratio (%, Non-life)	100.0	96.1	96.0

	31/12/2007	31/12/2006	31/12/2005
Shareholders’ equity (EUR billion)	33.0	20.6	18,9
Tier 1 capital ratio (%)	9.5	7.1	7.4
Assets under management (EUR billion)	445	422	383
Market capitalisation (EUR billion)	40	43	35
Headcount /FTEs	64,973 / 62,010	59,747 / 56,886	57,088 / 54,245

Pie chart: breakdown of employees

Global rankings

	Worldwide ranking
Total assets	19th
Revenues	14th
Profit	88th
Shareholders’ equity	55th
Number of employees	268th

Source: Fortune Global 500, 21 July 2008

Long term credit rating

	Fortis SA/NV and Fortis N.V.
Moody’s	A1
Standard & Poor’s	A
Fitch Ratings	AA-

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