Dexia

Dexia is Dexia is a European bank, with 36,760 members of staff and a core shareholders’ equity of EUR 17.5 billion as of December 31, 2008.

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.
It will focus on markets combining strong commercial franchises, a long-term funding capacity and potential for profitable growth.

 

The commercial franchises in France, Belgium, Luxembourg, Italy and the Iberian Peninsula have been confirmed and these markets will remain core markets for Public and Wholesale Banking. Dexia will maintain a presence in Germany, 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
its core markets – a major player in public and infrastructure finance, the financing of the health and social housing sectors, and social economy.

 

Its strategy in this field is aiming 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 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 had EUR 79 billion of assets under management as of December 31, 2008. 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 USD 1.9 trillion as of December 31, 2008.

 

 

Ratings

 

 

The Group’s main operating entities – Dexia Bank Belgium, Dexia Crédit Local and Dexia Banque Internationale à Luxembourg – are rated AA- by Fitch, A1 by Moody’s and A by Standard & Poor’s. Three of Dexia’s European subsidiaries issue Triple-A rated secured bonds.