Belgium to take control of Dexia's Belgian arm

Belgium will take total control of Dexia Bank Belgium, the troubled Franco-Belgian bank's arm in the country, Prime Minister Yves Leterme said Monday after a cabinet meeting in Brussels.

1 min read

Published 10 October 2011 2:22pm

Updated 26 August 2013 9:20am

Source: AFP

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Belgium will take total control of Dexia Bank Belgium, the troubled Franco-Belgian bank's arm in the country, Prime Minister Yves Leterme said Monday after a cabinet meeting in Brussels.

Leterme said the move would "make secure" the retail bank inside Belgium and free it from "any risks resulting from the environment within parent body Dexia SA."

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