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Article: United Kingdom: Fortis Bank repays Dutch government loans.
- Article from:
- TendersInfo
- Article date:
- July 4, 2009
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Byline: babalu03
Fortis Bank Netherlands has repaid 34 billion euros (47.93 billion dollars) of debt to the Dutch state, the bank and the Dutch finance ministry confirmed Thursday in separate statements. That figure represents all the short-term government loans received last October when Fortis Netherlands - a division of the former Belgian-Dutch bank and the insurance giant Fortis NV - was nationalized.
October's 66.8 billion euro government support comprised share value (16.8 billion euros), 16 billion in long-term loans and 34- billion in short term loans.
In its statement, the bank said increased share value (up 6.5 billion euros), reduced ...