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Dexia N.V./S.A.
Company typestate-owned enterprise
IndustryFinancial services
Founded1996; 28 years ago (1996)
Area served
Key people
Robert de Metz (Chairman, board of directors), Karel De Boeck (Managing Director, President of Executive Committee)
ProductsPublic sector banking, commercial banking, private banking, insurance
Decrease € minus 462 million (2017)
Total assetsDecrease €180,938 million (end 2017)
Total equityIncrease €4,992 million (end 2017)
  • Belgian Federal State (52.78%): 7 
  • French State (46.81%)
  • others (0.41%)
Capital ratioIncrease 19.5% (CET1, end 2017)
WebsiteOfficial website

Dexia N.V./S.A., also referred to as the Dexia Group, was a Franco-Belgian financial institution active in public finance, providing retail and commercial banking services to individuals and SMEs, asset management, and insurance; with headquarters in Saint-Josse-ten-Noode, Brussels. The company had about 35,200 members of staff and a core shareholders' equity of €19.2 billion, as of 31 December 2010, and provided governments and local public finance operators with banking and other financial services. Asset Management and Services provided asset management, investor and insurance services, in particular to clients of the two other business lines.[1]

In 2008, the bank received taxpayer bailouts for €6 billion, and it became the first big casualty of the 2011 European sovereign debt crisis. Due to big losses, suffered among others from the debt haircut on Greek government bonds, an orderly resolution process began in October 2011.[2][3] As part of the resolution, Dexia Bank Belgium was bought out from the Dexia group by the Belgian state, and will continue to exist under its new name Belfius. The remaining part of the Dexia group was left in a "bad bank", and will either be sold or wound down.[4]

References[change | change source]

  1. "Annual report 2010 Archived 2019-02-22 at the Wayback Machine." Dexia. 265/268. Retrieved 11 October 2011. "Dexia SA Place Rogier 11 B-1210 Brussels"
  2. Treanor, Jill (10 October 2011). "Dexia gets new bailout with €4bn Belgian deal". The Guardian. London.
  3. Dalton, Matthew (10 October 2011). "France, Belgium Reach Pact on Ailing Dexia". The Wall Street Journal. Retrieved 2011-10-10.
  4. "EU clears Dexia's €90bn restructuring plan". London: The Telegraph & AFP. 28 December 2012.