Dexia Bank
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| Traded as |
Euronext: DEXB : DXB |
|---|---|
| Industry | Financial services |
| Founded | 1996 |
| Headquarters |
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Area served
|
Worldwide |
|
Key people
|
Robert de Metz (Chairman, board of directors), Karel De Boeck (Managing Director, President of Executive Committee) |
| Products | Public sector banking, commercial banking, private banking, insurance |
| Profit |
 €353 million (2016) |
| Total assets |
 €212.771 billion (2016) |
| Total equity |
€4.147 billion (2016) |
| Owner |
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Number of employees
|
1,203 (2015) |
| Subsidiaries |
|
| Capital ratio |
15.9% (CET1) |
| Website | Official website |
|
Footnotes / references in consolidated basis |
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Dexia 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.
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, its Common Equity Tier 1 (CET1) capital ratio became negative during the second half of 2011, and an orderly resolution process began in October 2011. 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.
In the 2010 Fortune Global 500 (which lists companies by total income) Dexia was ranked 49th, the top-ranked Belgian company.
The company was founded in 1996 through the merger of Gemeentekrediet van België/Crédit Communal de Belgique (founded in 1860) and Crédit Local de France (founded in 1987). The Dexia Group was founded as a dual-listed company, but in 1999 the Belgian entity took over the French entity to form one company. The company is headquartered in Brussels, Belgium. France and Belgium just injected another combined €5.5 billion ($7 billion) into Dexia.
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Wikipedia