BNP Paribas will “probably not” keep the Fortis brand as it stands if it succeeds in acquiring the Belgian banking group, reports Reuters .
“It is a recent name and indeed poses a certain number of problems to shareholders which it may have disappointed. We will see with our Belgian friends how BNP Paribas’ activities in Belgium are going to develop,” says Michel Pebereau, chairman.
The Belgian government announced at the weekend that it had reached a new agreement with BNP Paribas, under which the French bank would take 75% of Fortis Bank in Belgium.
L.D.