March 21, 2007 13:07 ET

Fortis finalises acquisition of Dominet Bank

BRUSSELS, BELGIUM -- (MARKET WIRE) -- March 21, 2007 --

Following the approval by the Polish Banking Supervisory Authority, Fortis Bank SA/NV has finalised today the acquisition of 100% of the shares of Dominet SA, the parent company of Dominet Bank SA.

Dominet is a full-service retail bank with 869 employees and a modern nationwide branch network in Poland. It occupies a strong position in the car finance segment and has a fast-growing portfolio of cash loans. Dominet also supplies other banking products to retail customers.

Dominet has the tenth largest branch network in Poland consisting of 184 sales points (branches and franchises). It has privileged relationships with over 2,000 car dealers, including Poland's largest network of used-car dealers operating under the name Autotu, a well-known brand.

Fortis Bank Polska SA provides services to domestic and international enterprises and individuals. The bank's shares are listed on the Warsaw Stock Exchange. The bank has 46 locations in Poland's major cities and employs over 1,400 people. The strategic shareholder of Fortis Bank Polska is Fortis Bank Belgium which owns 99.10 % of the shares. More information is available on

Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalisation of EUR 42.4 billion (28/02/2007), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 50 countries and our dedicated, professional workforce of 60,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available on

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