What happened to Dexia?
Dexia is set to become the first European bank to fall victim to the eurozone debt crisis. A decision to split up its operations has been taken after investors sent its shares plunging to an all-time low.
Who owns Dexia?
Belgian Federal State
Dexia
| Type | state-owned enterprise |
|---|---|
| Owner | Belgian Federal State (52.78%) French State (46.81%) others (0.41%) |
| Number of employees | 22461 (2011) |
| Subsidiaries | Crediop (70%) |
| Capital ratio | 19.5% (CET1, end 2017) |
What does Dexia mean?
DEXIA
| Acronym | Definition |
|---|---|
| DEXIA | Dominica Export Import Agency |
Is belfius state owned?
Belfius is an integrated bank-insurer, currently owned by the Belgian federal state through the Federal Holding and Investment Company (FPIM – SFPI).
Where is belfius located?
Brussels
Belfius Bank NV is a public limited company, credit institution and insurance agent under Belgian law. Its registered office is situated at 11 Karel Rogierplein, 1210 Brussels, the company is entered in the RLE for Brussels, VAT number BE 0403.201. 185 and FSMA number 19649 A (referred to hereinafter as Belfius Bank).
Which bank is belfius?
Dexia Bank Belgium
The state of Belgium became the owner of Dexia Bank Belgium….About Belfius.
| Website | https://www.belfius.com/EN/index.aspx |
|---|---|
| Headquarters | Place Charles Rogier 11 1210 Brussels Belgium |
| CEO/chair | Marc Raisière CEO |
| Supervisor | Nationale Bank van België |
| Annual report | Annual report 2020 |
Who is the parent company of Dexia S.A?
Dexia S.A. the Belgium side soon became the parent company of French side Dexia Credit Local. 2000: Acquisition of Financial Security Assurance (FSA) in the United States, a major player in credit enhancement for municipalities, making Dexia the world leader in the market of financial services to the public sector.
When does the Dexia guarantee expire in New York?
In 2009 Dexia paid a fee of 0.5% on the guaranteed credits with a term of less than one year, and 0.865% on the credits longer than one year. The guarantee is currently planned to end in November 2010. Since Dexia had a New York banking office they were eligible for various bailouts from the US Federal Reserve.
When did Dexia take a stake in Crediop?
Dexia: the group. 1996: Merger of the Gemeentekrediet / Credit Communal de Belgium and the Crédit Local de France to form Dexia. 1997: Dexia takes a stake of 40% in the Italian firm Crediop, the biggest privately owned bank specialising in finance for Italian local administrations.
What happens to the rest of the Dexia Group?
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.