@dexia.com
Dexia is a bank managed jointly by Belgium and France.
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About
Description
Dexia from France, also known as Dexia Crรฉdit Local, is a French financial institution that primarily focuses on providing banking services to local governments and public-sector organizations. Founded in 1996, Dexia's headquarters is located in Paris, France. Dexia offers a range of products and services including lending, treasury management, investment banking, and asset management.
The company specializes in providing customized financial solutions to meet the specific needs of its clients. Dexia's main operations are in France, Belgium, and Luxembourg, but it also has a presence in various other countries around the world. One noteworthy subsidiary of Dexia is Dexia Crediop, an Italian bank that specializes in lending to the public sector.
The bank has been a leading player in the Italian market for many years. In terms of market position, Dexia has been a prominent player in the European banking industry. However, the company faced significant challenges during the global financial crisis in 2008 and had to be bailed out by the governments of Belgium, France, and Luxembourg.
This ultimately led to the restructuring and downsizing of the company. Dexia has made efforts to strengthen its financial position and reduce risk exposure by selling off non-core assets and focusing on its core businesses. The company has also been working on improving its risk management practices.
In recent years, Dexia has been gradually reducing its operations and winding down certain business lines. The company aims to simplify its structure and reduce costs to become a more streamlined and efficient institution. As of the latest updates, Dexia continues to work towards stabilizing its financial position and improving profitability.
The company remains committed to serving its target market of local governments and public-sector organizations while implementing a more conservative and sustainable approach. Overall, Dexia has experienced a challenging journey but is focused on turning around its operations and regaining stability in the financial industry
Company Type
Public Company
Company Size
501-1000
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