The Belgian government
is to acquire the domestic retail banking division of Dexia in a
€4bn ($5.43bn) nationalisation.

The forced break-up of
Dexia includes up to €90bn of state funding over the next 10 years
from the governments of Belgium, France and Luxembourg, the
guarantees split: 60.5% Belgium, 36.5% France and 3%

Dexia’s France-based
local government financing unit will be merged with the French
public sector lender Caisse des Depots and the post office banking
unit, Banque Postale.

Interest in Dexia’s
healthy Turkey-based retail banking unit, Denizbank, will

DenizBank ended the
first half with a branch network of 540 outlets, up 89
year-on-year, serving 4.6m customers.

At the end of June,
DenizBank had market shares in Turkey of 2.8% for deposits and 4.3%
for loans with a loan-to-deposit ratio of 121%, deposits of
TRY23.4bn ($12.7bn) and loans of TRY28.3bn).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.