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Dexia eyes Brazil, China, India

Brazil could also be a market which would one day be interesting for Dexia, says Bruno Deletre.

india Updated: Feb 02, 2006 14:17 IST

French-Belgian banking group Dexia could look to offer public financing in Brazil, China, and India in the future, the head of the division at the bank said in an interview with a local daily on Thursday.

Dexia's expansion plans have been at the centre of speculation in recent months with the arrival of Axel Miller as the new chief executive of the world's largest government lender.

"Among the motors for the future, we find countries which all the world is interested in but which are not yet mature in terms of risk: China and India," division head Bruno Deletre was quoted as saying by local business daily L'Echo.

"Brazil could also be a market which would one day be interesting for Dexia," he added.

As for Turkey, in which Dexia has expressed interest, Deletre said it had its risks. Rumours abound about negotiations with various banks in the country.

"It is a market which is not very large in terms of volumes for our first business line and which has certain risk factors ... if Dexia invests in Turkey, it would not be specifically for the first business line," he said.

First Published: Feb 02, 2006 14:17 IST