Fortis Bank Nederland, full-out "Fortis Bank Nederland (Holding) N.V.", is a bank of Netherlands.
The holding came into being within Fortis Bank, as a holding for those Dutch banks taken over by Fortis. In September-October 2008, the Dutch government first planned to invest €4 billion in exchange for an almost-50% interest in the holding (in newly-to-be-issued shares), but within a week the agreement was cancelled. The Dutch government took over all the Dutch parts of Fortis for a total of €16.8 billion; in this take-over, Fortis Bank Nederland was valued at €5 billion.
Later, Fortis Bank Nederland came in the news because it had lost €1 billion in the Madoff investment scandal. In March 2009, it reported that over 2008 it had booked an operational profit of €0.6 billion; this excluded (massive) write-offs.
