Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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By 2014: Further improve cost efficiency to support<br />
profitability and investment capacity<br />
Increased Operations and Support functions<br />
efficiency<br />
Reduction of cost base<br />
Rationalization<br />
of<br />
Luxembourg<br />
cost base<br />
Rationalization<br />
of International<br />
subsidiaries<br />
footprint<br />
Optimization of Real Estate space utilization<br />
and investments<br />
• Exit from 4 buildings<br />
• Optimization of number of square meters per<br />
employee<br />
Revised <strong>com</strong>mercial set-up leading to<br />
improved efficiency and superior client service<br />
-6 to -7%<br />
over 2009-2014<br />
Exit from Montevideo (Sales office) and<br />
Experta international offices already effective<br />
Ongoing or planned exit from Jersey (Private<br />
Bank) and Monaco (Private Bank)<br />
<br />
Strong cost reduction, with limited impact on <strong>com</strong>mercial activity<br />
102
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