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World Leader in public financing: Dexia


Dexia was born out of the 1996 alliance of the two major European players in local public finance: Crédit Communal de Belgique and Crédit Local de France. These two entities merged with Banque Internationale à Luxembourg (BIL) in 1999 and all the three formed the publicly listed Dexia Group.

Dexia is one of the top twenty banking groups in the euro zone with more than 36,500 employees in 39 countries as of June 30, 2008.

A unique model in the banking sector

Two pillars
Dexia’s development strategy is based on its Universal Banking business in Europe and world leadership in Public and Wholesale Banking.

Dexia intends to expand its Universal Banking business beyond its traditional markets of Belgium, Luxembourg, Slovakia, and Turkey to become a top-level European player while building upon its global leadership in Public and Wholesale Banking through geographic expansion.

Dexia’s business lines

  • Public and Wholesale Banking
  • Personal Financial Services
  • Treasury and Financial Markets
  • Asset Management
  • Investor Services

World leader in public finance, Dexia provides services for various customer segments from retail to SME and corporate. Being an extremely active player in asset management, insurance, investor services and capital markets with every passing year, Dexia extends its retail services to more than 6 million clients in Belgium, Luxembourg, Slovakia and Turkey.

Services Offered by Dexia

  • Budget management consultancy
  • Short-term financing
  • Debt management
  • Insurance services
  • Structured debts
  • Long-term financing
  • Resources
  • Securitization
  • Liquidity guarantees
  • Credit enhancement
  • Capital markets solutions
  • Budget planning
  • Payment services
  • Leasing
  • Interest and FX derivative transactions

Dexia in Figures

Shareholding structure

On September 30, 2008 Dexia S.A increased its capital by 6.4 billion Euros. With the capital increase, number of shares of Dexia S.A. increased from 1.156.412.677 to 1.762.473.283.

 Years 30.06.2008 03.10.2008
  Share % Share %
Caisse des Dépôts et Consignations

11.9%

17.6%

Holding Communal

17.0%

14.0%

Arco Group

18.1%

13.9%

Ethias Group

6.4%

5.0%

CNP Assurances

2.0%

3.0%

Publicly traded

40.7%

26.7%

Dexia employees

3.9%

2.6%

Regional Governments (Belgium)

0.0%

5.7%

Belgian Federal Government

0.0%

5.7%

French Government

0.0%

5.7%

Total

100.0%

100.0%

Dexia’s Balance Sheet Figures

 Years Total assets
(EUR bn)
Net profit
(EUR mn)
Earnings per share (EUR mn) Capital Adequacy Ratio
30.09.2008 509 2.038 1.87 10.9%
31.12.2007 567 2.750 2.49 10.3%
31.12.2006 605 2.533 2.18 9.6%
31.12.2005 637 (723) (0.62) 15.3%

Dexia GAAP standards
EU IFRS standards

Dexia’s Ratings (as of October 07, 2008)

  Moody’s Standard & Poor’s Fitch
Dexia Bank Aa3 A+ AA-
Dexia Credit Local Aa3 A+ AA-
Dexia BIL Aa3 A+ AA-
FSA Aaa AAA AAA
Dexia Municipal Agency Aaa AAA AAA

For more information please visit www.dexia.com