Dexia

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Dexia N.V./S.A.

Tour Bastion [fr] in Brussels, head office of Dexia since 2012[1]
Company type	state-owned enterprise
Traded as	Euronext Brussels: DEXB
Industry	Financial services
Founded	1996; 28 years ago (1996)
Headquarters	Ixelles, Brussels, Belgium La Défense, Greater Paris, France
Area served	Worldwide
Key people	Robert de Metz (Chairman, board of directors), Karel De Boeck (Managing Director, President of Executive Committee)
Products	Public sector banking, commercial banking, private banking, insurance
Net income	€ -462 million (2017)
Total assets	€180,938 million (end 2017)
Total equity	€4,992 million (end 2017)
Owner	Belgian Federal State (52.78%): 7  French State (46.81%) others (0.41%)
Number of employees	22461 (2011)
Subsidiaries	Crediop (70%)
Capital ratio	19.5% (CET1, end 2017)
Website	Official website
Footnotes / references in consolidated financial statement[2]

Dexia N.V./S.A., or the Dexia Group, is a Franco-Belgian financial institution formed in 1996. At its peak in 2010, it had about 35,200 members of staff and a core shareholders' equity of €19.2 billion.^[3]

In 2008, the bank entered severe financial difficulties and received taxpayer bailouts for €6 billion, and it became the first big casualty of the 2011 European sovereign debt crisis. Due to big losses, suffered among others from the debt haircut on Greek government bonds, its Common Equity Tier 1 (CET1) capital ratio became negative during the second half of 2011,^{[citation needed]} and an orderly resolution process began in October 2011.^[4][5]

As part of the resolution, Dexia Bank Belgium was bought out from the Dexia group by the Belgian state and has continued to operate, since March 2012 under the new name Belfius. The French bank focused on local government lending was restructured as SFIL. The remaining part of the Dexia group was left in a "bad bank", still called Dexia, to be gradually wound down.^[6]