Former Belgian Prime Minister involved in funding Israeli settlements

dehaene dexia

Belgian bank financing Israeli settlements
David Cronin The Electronic Intifada 13 April 2010

BRUSSELS (IPS) – Dexia, a major Belgian-French bank, is continuing to finance Israeli authorities in the Occupied Palestinian Territories (OPT) almost a year after it indicated that it would cease providing loans to illegal settlements.

In May 2009, Dexia promised that it would not lend any fresh money to councils representing Israeli settlers in the occupied West Bank.

Although Palestinian solidarity activists regarded the announcement as a victory for a campaign they had fought against Dexia, they are not satisfied that all the bank’s transactions with Israeli settlements have been halted.

Intal, a human rights group in Brussels, says it will protest at Dexia’s annual shareholders’ meeting next month, because many of the earlier loans issued to Israeli settlements run until 2017 and are unaffected by last year’s pledge.

“We are calling on Dexia to cut all ties with the occupation [of Palestine],” Intal spokesman Mario Franssen told IPS. “How they do that is up to them. We’re not asking for a boycott of Israel in this case but probably the only solution is for them to get out.”

Dexia’s involvement with Israeli settlements first came to the knowledge of campaign groups in Europe during October 2008, the same month that the governments of Belgium, France and Luxembourg agreed to a multi-billion euro rescue package to prevent the bank from collapsing. In statements to the Israeli parliament — known as the Knesset — Dexia had acknowledged arranging loans to seven settlements and three Israeli-controlled regional bodies in the occupied West Bank between 2003 and 2007.

Intal is also incensed by remarks made by former Belgian Prime Minister Jean-Luc Dehaene, now a Dexia chairman, during 2009. While Dehaene confessed that Dexia had provided loans worth 5 million euros ($6.7 million) to settlements in the occupied West Bank, he stressed that loans to Jerusalem were not included in that amount because “Dexia Group feels that Jerusalem is not contested territory.”

Huiszoekingen bij Dexia en Belfius

dehaene dexia

10 oktober 2014

Het Brusselse gerecht heeft eind vorige maand een reeks huiszoekingen laten uitvoeren bij Dexia en Belfius. Er werd gezocht naar bewijs voor misleiding over het aandeel-Dexia, tussen 2008 en 2011.

Dat schrijft De Standaard, en het bericht wordt in de krant bevestigd door het parket van Brussel.

Het onderzoek ging van start nadat advocaat Geert Lenssens in opdracht van een aantal privébeleggers in 2011 een klacht had ingediend bij het Brusselse parket. De beleggers voelen zich misleid door de communicatie van de Dexia-bank in de periode van de bankencrisis in 2008 tot de ontmanteling en opsplitsing van Dexia in 2011. Onder meer Dexia Bank België, nadien herdoopt in Belfius, werd toen voor 4 miljard euro uit Dexia gelicht en genationaliseerd.

Volgens de klagers hebben Dexia en zijn bestuurders tussen 2008 en 2011 de toestand van de bank positiever voorgesteld dan die eigenlijk was.

Bij de huiszoekingen bij Dexia en Belfius zijn volgens het parket verschillende documenten en elektronische data in beslag genomen. Er werd niemand aangehouden.


DEXIA (Belfius)

map story palestine

Dexia Bank and Belgian Government Finance Illegal Israeli Settlements in Occupied Palestine

UN Special Rapporteur Richard Falk rebukes Dexia Bank and Belgian Government

Global Research, October 22, 2013

by Mario Franssen, Intal spokesperson

 Richard Falk, the U.N. Special Rapporteur on the Situation of Human Rights in thePalestinian Territories Occupied since 1967, describes in his report to the UN General Assembly that the Belgian government can be held responsible for the funding by Dexia Bank of illegal settlements in the occupied Palestinian territories.

For the second consecutive year, Richard Falk has examined the politics of Dexia Bank in the occupied Palestinian territories, through its subsidiary Dexia Israel. In his report submitted to the General Assembly of the United Nations on October 29, 2013, he is quite harsh for the Belgian government.

 The Belgian government is the majority shareholder of Dexia Bank with 50,02 % of the shares. Dexia Bank in turn is 66 % owner of Dexia Israel. In his report Mr. Falk makes very clear that this can have serious consequences.

The Belgian government under fire

The Special Rapporteur sees at least five elements that can put the Belgian government in an awkward position:

  1. Since Belgium has signed the Geneva Conventions, and Dexia Israel violates Article 49 (p 6) of these conventions, Belgium fails in its duty to enforce these agreements (p.15 of the report)
  2. The Special Rapporteur states that Dexia Israel violates Human Rights. Because the Belgian government is majority shareholder, Belgium must take the necessary steps to prevent these activities and / or punish those responsible within Dexia Israel (p. 15-16)
  3. Richard Falk also criticizes Dexia because it has withdrawn from the Global Compact, a self-regulatory instrument within the United Nations of which Dexia Bank was a member. This is especially surprising because Dexia Bank withdrew in April 2013, after the Belgian government became the majority shareholder (p. 16)
  4. International Criminal Law is applicable according to Mr. Falk. Belgium is a signatory of the Rome Statute.Thus Belgian citizens fall under the jurisdiction of the International Criminal Court. The ICC could investigate whether Dexia staff is involved in war crimes. (p. 16-17)
  5. The Belgian State can be held responsible for the damage caused by its bank, Dexia. Possibly this may lead to the payment of damages and reparations. (p. 17)

 Finally Mr. Falk criticizes the Belgian government in the conclusions (p. 23-24) and calls on the Belgian NGO’s and human rights organisations to continue to put pressure on the Belgian government to end its involvement in the illegal colonization of the occupied Palestinian territories.

 * Read the full report of the Special Rapporteur:

For the full article:


DEXIA – BELFIUS: Belfius Bank and Insurance, known as Dexia Bank Belgium up until 1 March 2012, is a for-profit PLC originally founded to meet local authority needs. Belfius emerged from the dismantling of the Dexia group, of which it was part until 10 October 2011, when it was purchased by the Belgian State for 4 billion euros. The company’s headquarters are in Brussels.