Dexia Groupקבוצת דקסיה
A European bank which specializes in public sector banking. In 2001 the bank bought the Israeli Municipality Treasure Bank and established Dexia Israel.
The bank is the major shareholder of Dexia Israel, holding 65.3% of its shares. Dexia Israel has been giving long-term loans and other financial services to municipalities of Israeli settlements in the occupied territories.
Following public campaigns led by the Belgian Intal group the bank announced in June 2009 that financing Israeli settlements is contrary to the bank’s code of ethics, and that since September of 2008 it has not provided new loans to West Bank settlements. However, countrary to this announcment, it has continued providing loan to local and regional councils of settlements after September 2008. The group has announced its intention to sale the Israeli bank yet as to November 2011, the sell was not finalized.
Due to financial difficulties, In October 2011 Dexia Group started a reorganization process which included selling Dexia bank Belguim to the Belgian government and Dexia Municipal Agency to the French government. The Dexia Group based in Brussels still exits and controls Dexia Israel through its French arm, Dexia Credit Local.
For a full report on the Israeli banks click here.
Major shareholders: Caisse des Dépôts et Consignations 17.6%, Holding Communal 14.3%, Groupe Arco 13.9%, French State 5.7%, Belgian State 5.7%, Ethias 5.0%.
The bank has dozens of subsidiaries world wide. One of these subsidiaries is Dexia Israel.
Place Rogier 11B
Tel: 32 -2-2135700