In 2009 Belgian Fortis Bank was merged into BNP Paribas Group, forming BNP Paribas Fortis. BNP Paribas Fortis offers a broad range of financial products and services to various customer groups: individuals and families, high-net-worth individuals, entrepreneurs and companies, local authorities and social sector. BNP Paribas Fortis operated as a subsidiary of BNP Paribas Fortis (Belgium).
BNP Paribas Fortis has Category B banking license number 100090 issued by the Cayman Islands Monetary Authority. This type of license allows BNP Paribas Fortis to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of BNP Paribas Fortis failure its depositors will not get any compensation.
BNP Paribas Fortis provides products and services in the areas of private banking, corporate banking, online brokerage.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of BNP Paribas Fortis failure its depositors will not be paid out any compensation.
The following banks operating under BNP Paribas Fortis brand name has been recently closed down: