Dexia Holding SA
EEURONEXT:DEXB0.02
EUR
-0.03
(-60.00%)
ISIN
BE0974290224
Return %
Stock
S&P 500
1Y
-93.33
14.39
3Y
-93.33
81.42
5Y
-93.33
68.62
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Pierre Crevits
- Sector
- Finance
- Industry
- Major banks
- Address
- Brussels Belgium
- IPO Date
- May 21, 1999
- Website
- dexia.com
- Similar Companies
- Business
- Dexia SA is a Belgium-based financial institution primarily engaged in the management and orderly run-off of its legacy assets under a resolution plan approved by the European Commission. Founded in 1996 through the merger of Crédit Communal de Belgique and Crédit Local de France, the company is headquartered in Brussels, Belgium, and is majority-owned by the Belgian and French States. Dexia operates within the banking and financial services industry, focusing on the wind-down of its balance sheet without originating new commercial loans or taking retail deposits. The company's core product and service offerings comprise the management, servicing, and resolution of legacy public sector and local authority loans; long-term infrastructure and project finance assets; sovereign, public, and corporate bond investment portfolios; interest rate, currency, and credit derivatives portfolios; off-balance-sheet risk mitigation; treasury, liquidity, and collateral management; and wholesale funding and debt issuance backed by sovereign state guarantees from the Kingdom of Belgium and the French Republic. The group conducts its primary operational activities through its key subsidiary, Dexia Crédit Local SA, with legacy exposure and operational support structures covering France, Belgium, the United Kingdom, Ireland, Spain, and the United States. In recent years, Dexia has maintained focus on accelerating its balance sheet contraction, de-risking its asset profile, and streamlining operations in line with its orderly resolution mandate. Recent major corporate and operational developments include the progressive reduction and de-risking of its complex derivatives and structured credit portfolios, leading to significant decreases in total balance sheet size and risk-weighted assets; the ongoing rationalization and legal closure of foreign branches and international entities; the execution of strategic operational partnerships involving the outsourcing of information technology infrastructure and back-office banking operations to specialized external service providers; and the continuous adjustment and maintenance of the tripartite funding guarantee framework with the Belgian and French governments to secure mid- and long-term liquidity until the completion of the portfolio run-off.