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At the end of 2011 the former Dexia Group (France/Belgium/Luxembourg) went through a major restructuring. The state of Belgium became the owner of the Dexia Bank Belgium. It was renamed Belfius Bank and Insurance and is now completely separate from Dexia SA Group (see profile). Belfius offers a wide range of retail, public, commercial and private banking services as well as insurance products to more than 4 million customers. It is expected that the Belgian state will try to sell Belfius again in the near future.
Marc Raisière |
Chairman of the Management Board
|Annual report||Annual Report 2013|
Owned by the Belgian federal state through the Federal Holding and Investment Company (FHIC).
Voluntary initiativesBelfius has committed itself to the following voluntary standards:
Belfius drops Food Speculation Fund
Belfius's response to the report by FairFin and others, "'The involvement of Belgian banks in food speculation", was to delete its fund Dexia Fund Commodities from its offer. The performance of this fund was linked to the performance of 24 commodities, and thus had a negative impact on the welfare of the population, mostly in poorer countries. Belfius has promised customers who invested in the fund that it will direct them to new funds that have no negative impact on the food. (FairFin)