DEXIA : Conclusions of the comprehensive assessment by the European Central Bank

Dexia SA is a Belgium-based banking group with activities principally in Belgium, Luxembourg, France and Turkey in the fields of retail and commercial banking, public and wholesale banking, asset management and investor services. In France, Dexia Bank focuses on funding public sector bodies and providing financial services to local government. In Luxembourg, Dexia operates in two main areas: commercial banking (for personal and professional customers) and private banking (for international investors). Dexia is also involved in retail and commercial banking and offers services to ordinary account holders, business and local public sector customers and institutional clients. The Company operates through its subsidiaries, such as Dexia Credit Local, Dexia Credicop, among others. In February 2014, it acquired 40% in Popular Banca Privada to Banco Popular Espanol.