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.
In 2009, Dexia Israel issued a 6.8 million NIS loan for waste management systems in the settlement of Bat Ayin. The loan is given from state funds through the administration for sewage infrastructures.
Dexia Israel provided a guarantee for a project of the Israeli Ministry of Defense to purchase and install lighting around Kdumim settlement.
Dexia Israel provides fund management for several settlements: Gush Etzion settlements' regional council receives all of its state funds through Dexia Bank; The bank operates the account of Katzerin settlement in the Golan Heights. Katzerin receives funds from the different government offices through Dexia Bank.
All Mifal HaPayis (Israeli national lottery) grants given to settlements for construction of buildings and facilities are transferred through Dexia Israel bank. Between 2010-2013 Mifal HaPyais provided grants to the following settlements: Alfei Menashe, Alon Shvut, Ariel, Atniel, Beit El, Beitar Illit, Bney Yehuda (Golan Heights), Dolev, Efrat, Elazar (Gush Etzion), Elkana, Eshkolot (South Hebron hills), Etz Efraim, Geva Binyamin (Adam), Givat Ze'ev, Har Hadar, Hagay, Hinanit, Hashmonaim, Imanuel, Itamar, Kalia, Karney Shomron, Katzrin (Golan Heights), Kdumim, Kfar Adumim, Kiryat Arba, Kohav Hashahar, Ma'ale Adumim, Ma'ale Efraim, Mevo Beitar, Mevo Horon, Modi'in Illit, Neveh Daniel, Nili, Nofim, Ofra, Oranit, Peduel, Settlement neighborhoods in East Jerusalem, Shilo, Yakir.
In addition, between 2010-2013, grants were given to the following Regional councils in the OPT: Bik'at Hayarden (The regional council of the occupied part of the Jordan Valley), Megilot Dead Sea regional council, Har Hevron, Mate Binyamin, Gush Etzion and Shomron. Grants were also given to Golan regional council in the Golan Heights.
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 loans to local and regional councils of settlements after September 2008. The group has announced its intention to sale the Israeli bank yet as to August 2013, 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
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