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By the mid-1990s, BIL was the largest bank in Luxembourg, with 46 branches in the country.: 18 In 1998, BIL acquired the Banque Industrielle et Immobilière Privée (BIMP). Crédit Communal de Belgique, which had become Dexia in 1996, acquired full ownership of BIL in 1999. In the 2000, the Dexia brand replaced the former BIL identity.
On 19 January 2009 Moody's lowered the credit rating for Dexia's long term obligations and saving accounts of the three banking parts of Dexia (Dexia Credit Local in France, Dexia Bank Belgium and Dexia Banque Internationale in Luxembourg) from Aa3 to A1. The rating agency also downgraded the Bank Financial Strength Rating for the three banks ...
535,000,000 Euro (2016) Owner. Belgian State. Website. www.belfius.com. Belfius Bank and Insurance, known as Dexia Bank Belgium until 1 March 2012, [1] is a Belgian state-owned bank that emerged from the dismantling of the Dexia group which had been purchased by the Belgian government on 10 October 2011 for 4 billion euros.
Quintet Private Bank is a medium-sized Luxembourg -headquartered bank and wealth manager, founded in 1949 by Belgium's Kredietbank as Kredietbank Luxembourg ( KBL ), later rebranded KBL European Private Bankers or KBL ebp, and to its present name in 2020. Since 2011, it has been owned by members of the Al-Thani family of Qatar through the ...
The company was founded as Dexia Asset Management, a branch of Dexia S.A, in 1996. Following its acquisition by New York Life Investments in February 2014, the company changed its name to Candriam, which supposedly stands for "Conviction AND Responsibility In Asset Management", representing two of the company's core values.
2008–2009 Belgian financial crisis. The 2008–2009 Belgian financial crisis is a major financial crisis that hit Belgium from mid-2008 onwards. Two of the country's largest banks – Fortis and Dexia – started to face severe problems, exacerbated by the financial problems hitting other banks around the world. The value of their stocks plunged.
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It opened its first overseas entity in Monaco by acquiring Dexia Private Bank S.A.M. from Dexia Banque Internationale à Luxembourg in 2012. A year later, in 2013, it launched its London branch [6] and acquired a majority stake in Banque Pasche (Liechtenstein) AG and 100% of shares in Pasche Bank & Trust Limited forming two new subsidiaries ...