October 21, 2017 11:21 PM ET


Company Overview of Dexia Crédit Local Société Anonyme

Company Overview

Dexia Crédit Local S.A. provides various banking and financial products and services primarily to public sector in France, the United States, Germany, Spain, Italy, Israel, and Ireland. The company offers various banking products, such as demand deposits, saving deposits, term deposits, repurchase agreements, and loans and advances. It is also involved in the real estate leasing; and lease financing of local investments. The company was incorporated in 1989 and is based in La Défense, France. Dexia Crédit Local S.A. is a subsidiary of Dexia SA/NV.

1, passerelle des Reflets

Tour CBX - La Défense 2


La Défense,  92913


Founded in 1989

1,102 Employees


33 1 58 58 77 77


33 1 58 58 70 00

Key Executives for Dexia Crédit Local Société Anonyme

Chairman of Management Board, Chief Executive Officer and Director
Age: 50
Chief Financial Officer, Executive Vice President, Member of Management Board and Director
Age: 47
Chief Operating Officer, Executive Vice President and Member of Management Board
Age: 60
Chief Risk Officer, Executive Vice President, Member of Management Board and Director
Age: 46
Head of Funding Markets Activities, Executive Vice President and Member of Management Board
Age: 57
Compensation as of Fiscal Year 2017.

Dexia Crédit Local Société Anonyme Key Developments

Dexia Crédit Local Société Anonyme Announces Executive Changes

The Board of Directors of Dexia Crédit Local S.A. took note of the resignation of Pierre Vergnes as a director, effective 30 June 2016. The two Board, upon the proposal from the Appointments Committee, agreed to co-opt Véronique Hugues as a member of the Board of Directors of Dexia Crédit Local S.A. Her definitive appointment will be submitted for approval to the next General Meetings. Upon a proposal from the Management Boards and the Appointments Committee, the Boards of Director have also decided to appoint Véronique Hugues as member of the Management Board of Dexia Crédit Local S.A., as Chief Financial Officer, and Executive Vice President of Dexia Crédit Local S.A. The new governance of Dexia Group will take effect on 1 July 2016, subject to the approval of the aforementioned appointments by the European Central Bank. Véronique Hugues started her career at Deutsche Bank in Paris in the ALM department and joined Dexia Group in 2001 to manage long-term financing. She took over financial communication in 2009 then became responsible for Financial Management, and a director of Dexia Kommunalbank Deutschland and of Dexia Sabadell in 2013. She has been Deputy CFO of Dexia Group and a member of the Group Committee of Dexia SA since 2014. She also manages several different transversal projects within the Finance support line as part of this mandate.

Dexia Crédit Local Announces Consolidated Audited Earnings Results for the Year Ended December 31, 2015

Dexia Crédit Local announced consolidated audited earnings results for the year ended December 31, 2015. For the year, the company reported interest income was EUR 10,881 million against EUR 11,667 million a year ago. Operating income was EUR 356 million against operating loss of EUR 466 million a year ago. Net result before tax was EUR 370 million against net loss before tax was EUR 467 million a year ago. Net income was EUR 333 million or EUR 1.46 basic and diluted earnings per share against net loss of EUR 485 million EUR 2.14 basic and diluted loss per share a year ago. Net cash used in operating activities was EUR 98 million against net cash provided by operating activities was EUR 2,409 million a year ago. Purchase of fixed assets was EUR 23 million against EUR 14 million a year ago.

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