Fortuna Bank will cease operations

Luxembourg cooperative bank founded in 1920, Fortuna Banque announces “the gradual and medium-term cessation of its banking activities”. Customers who wish can be detected by Superkeess, through a simplified process.

Economy

Pascal MITTELBERGER

Luxembourg cooperative bank founded in 1920, Fortuna Banque announces “the gradual and medium-term cessation of its banking activities”. Customers who wish can be detected by Superkeess, through a simplified process.

A long-time player in the Luxembourg banking sector, Fortuna Bank announces, this Monday, “the gradual and medium-term cessation of its banking activities”, in a press release intended for its clients published on its website.


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In this text, we also learn that “Spuerkeess and Fortuna Banque confirm that they have implemented a simplified and rapid dedicated process within Spuerkeess allowing Fortuna Banque customers who wish to easily become Spuerkeess customers. In the coming weeks, the two institutions will individually communicate to Fortuna bank customers the different procedures for becoming Spuerkeess customers and the new prospects that will be offered to them ”.

Also in this press release, André Poorters, chairman of the board of Fortuna Banque, and Françoise Thoma, managing director of Spuerkeess (State Savings Bank), welcome this result.

The fact remains that it is a secular Luxembourg institution that is disappearing there. Fortuna Banque was born in 1920, with the name of “La Fortune, cooperative society”. She specializes in private loans and mortgages. With around thirty employees, in 2021 it recorded a profit of 7.6 million euros.


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In 2018, Banque de Beyrouth announced plans to acquire Fortuna Banque, but the operation was halted due to the Lebanese crisis. More recently, in 2020, British wealth management firm Chenavari, led by Frenchman Loïc Fery, who is also president of FC Lorient football club, also wanted to buy Fortuna Banque. But there still, the deal could not be closed.

Finally, it is a pure and simple cessation of the banking activities of the Luxembourg institution that has been decided.

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