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.
Group Profile
Dexia is a European bank, with a core shareholders’ equity of € 18.3 billion as of September 30, 2009. Dexia Group focuses on public and wholesale Banking, providing local public finance actors with comprehensive banking and financial solutions, and on retail and commercial banking in Europe, mainly Belgium, Luxembourg and Turkey.
Business Lines
Public and Wholesale Banking
As a consequence of the transformation plan initiated by Dexia in November 2008, the public and wholesale banking business line has been revisited in order to take into account the current market environment. Dexia Group will focus on markets combining strong commercial franchises, a long-term funding capacity and potential for profitable growth.
The strong commercial franchises in France, Belgium, Luxemburg, Italy and the Iberian Peninsula have been confirmed and these markets will remain the core markets for public and wholesale banking. Dexia will maintain a presence in Germany and to a lesser extent in Japan and Switzerland to retain platforms for access to funding sources. The activities in the United Kingdom and in the United States will be significantly reduced.
The ongoing financial crisis does neither question our clients’ solvency nor their financing needs. And Dexia remains – on in its core markets – a major player in public and infrastructure finance, the financing of the health and social housing sectors, and the social economy.
Its strategy in this field is aimed at strengthening the range of products and services to customers. This approach, which is already largely effective in Belgium, will enable the Group to go beyond its role of specialist lender in order to offer a better service to a broader customer base.
Retail and Commercial Banking
Dexia is a leading European bank, ranking among the two or three major banks in Belgium and Luxembourg and holding a strong position in Turkey. It is also present in Slovakia. The Bank is offering a wide range of retail, commercial and private banking services as well as insurance products to more than six million customers.
This business line also includes asset management and investor services activities. Dexia Asset Management has € 82.6 billion of assets under management as of September 30, 2009 and operates through offices in Brussels, Luxemburg, Paris and Sydney, and via locally organized client relationship teams. The investor services business is conducted by RBC Dexia Investor Services, a joint venture with Royal Bank of Canada, which offers its expertise in global custody, fund and pension administration and shareholder services to institutions around the world. Total assets under custody amounted to US Dollar 2.3 trillion as of September 30, 2009.
Dexia in Figures
Shareholding structure
In September 2008 Dexia S.A increased its capital by 6.4 billion Euros. The number of shares of Dexia S.A. is 1.762.478.783.
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|
|
| Years |
30.06.2008 |
30.09.2009 |
|
|
| |
Share % |
Share % |
| Caisse des Dépôts et Consignations |
%11.9 |
%17.6 |
| Holding Communal |
%17.0 |
%14.6 |
| Arco Group |
%18.1 |
%14.0 |
| Ethias Group |
%6.4 |
%5.0 |
| CNP Assurances |
%2.0 |
%3.0 |
| Publicly traded |
%40.7 |
%26.8 |
| Dexia employees |
%3.9 |
%1.9 |
| 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
Dexia GAAP standards
EU IFRS standards
Dexia’s Ratings (as of September 30, 2009)
For more information please visit www.dexia.com