Based in France, Dexia Credit Local is the main operating entity of Dexia Group (Belgium). Since 2012, Dexia is managed according to the resolution plan to avoid bankruptcy and liquidation, which would be likely to destabilize the entire European banking sector. Consequently, Dexia Credit Local conducts no new business and is fully dedicated to the management of its residual assets.
Dexia crédit local is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade).
Dexia crédit local participates in the deposit guarantee scheme of France. This deposit guarantee scheme applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Dexia crédit local is a member of Fonds de Garantie des Dépôts et de Résolution (FGDR) and makes its contributions into it.
Dexia crédit local is headquartered in LA DEFENSE CEDEX.