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Quarterly Earnings Dexia

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In this presentation, I talk about Dexia and their quarterly earnings and the annual figures of 2008

Published in: Business, Economy & Finance
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Quarterly Earnings Dexia

  1. 1. DEXIA Quarterly Earnings By Delphine De Clercq
  2. 2. Introduction • Dexia is a European bank • Main activity • Public finance • Retail banking • Headquarter in Brussels • CEO: Pierre Mariani • Chairman of the board: Jean-Luc Dehaene
  3. 3. Organization Chart of Dexia
  4. 4. Financial Crisis • 2008: Financial crisis • Dexia lose a large part of their value. • A strong support from the government and shareholders • Capital of Dexia is increased with 6 billion euro
  5. 5. 4Q 2008 Results
  6. 6. 4Q 2008 Results
  7. 7. 4Q 2008 Results
  8. 8. Financial Security Assurance • Dexia sold the insurance activities of FSA to Assured Guaranty (a Bermuda-based holding company) • The impact of the crisis on Dexia’s net income was € 5,868 million, of which 3,139 million is to blame to FSA.
  9. 9. Full Year 2008 - Consolidated statement of income •Net loss is € 3,326 million • Revenues are almost halved ( -48%) • Proposal to exceptionally cancel dividends for the financial year 2008
  10. 10. Full Year 2008 - Consolidated statement of income •Net loss is € 3,326 million • Revenues are almost halved ( -48%) • Proposal to exceptionally cancel dividends for the financial year 2008
  11. 11. Evolution of the Share
  12. 12. Transformation plan to address key challenges 1. Refocus on its core markets
  13. 13. Transformation plan to address key challenges 2. Improving the group risk profil 3. Cost reduction plan of € 600 million

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