Organization: DEXIA

Dexia is a 94.4% State-owned Belgian-French banking institution managed in orderly resolution, as approved by the European Commission on 28 December 2012. Mandate Dexia’s mission is to manage its residual assets in run off while protecting the interests of its shareholders and guarantors. Supervision The Group’s parent company, Dexia SA, is a public limited company and a financial holding governed by Belgian law. As a significant bank for the Eurozone financial system, it is placed since 04 November 2014 under the direct supervision of the European Central Bank, with the support of the National Bank of Belgium. Dexia Crédit Local is the Group’s main operational entity and issuer. Disposing of a banking license, this entity based in France, falls under the direct supervision of the European Central Bank, with the support of the French banking supervisory authority (ACPR).