Presentation

Personal Financial Services activity includes retail banking and private banking.

This activity is essentially carried out in Belgium, Luxembourg and, since 2006, Turkey, i.e. countries with large distribution infrastructures. In Belgium the network has 802 branches operated by independent agents, and 217 branches run by bank employees. In Luxembourg, the activity is carried out through 40 branches.

The business line also operates units outside those two countries. These involve various types of approach and/or product focus.

The main areas are:

• Turkey where the Group owns a 99.8% participation in DenizBank, the sixth largest privately-owned bank in the country;
• France where the Group holds a 20% participation in Crédit du Nord, and Dexia Epargne Pension, a specialist life insurance business;
• Switzerland through Dexia Private Bank Switzerland;
• Slovakia through Dexia banka Slovensko a bank with 52 branches, which caters both for local public clients and the personal sector;
• Spain where Dexia holds a 40% participation in Popular Banca Privada, a private banking joint venture with Banco Popular.