Fortis Q4 2005 net up 24%, sticks to goals

Belgian-Dutch financial services group Fortis reported a 24 per cent rise in fourth quarter net profit, boosted by its banking business, and said it remained fixed on its long-term growth objectives

Euler Hermes acquires full ownership of Belgian unit

French credit insurance group Euler Hermes (EH) has bought the remaining 30 per cent stake in its Belgian unit, Euler Hermes Credit Insurance Belgium, for Ђ55m, becoming the subsidiary's sole owner. EH bought a 25 per cent stake held by Belgian...