Dexia, who won contracts for five major public sector leasing
deals in France this summer, may need to reassess its lending
criteria following rescue by the Belgian, French and Luxembourger
governments.
In a bid to remain one of Europe’s better capitalized banks,
Dexia raised €6.4bn of capital from the Governments of Belgium,
France and Luxembourg and from existing shareholders.
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Axel Miller, Dexia’s chief executive who resigned earlier today,
said that the bank had no choice but to seek the injection of
capital because of “a significant deterioration in the business and
market environment and the financial distress of a number of
financial services companies.”
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