Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Dexia</strong> Group Target 2014<br />
1<br />
2<br />
3<br />
4<br />
Ambition 2014<br />
A robust<br />
financial structure<br />
Rebalanced activities<br />
towards Retail<br />
A solid growth<br />
engine in Turkey<br />
A Group driven by<br />
operational excellence<br />
Target 2012<br />
Stable pre-tax in<strong>com</strong>e versus 2009:<br />
~EUR 1.4 bn<br />
Solid <strong>com</strong>mercial dynamic:<br />
Commercial in<strong>com</strong>e 1 +4% p.a. (09-12)<br />
ST funding/Total balance sheet at/below 15%<br />
Strong solvency: Core Tier 1 at ~14% 2<br />
C/I ratio: < 65%<br />
Target 2014<br />
Pre-tax in<strong>com</strong>e: ~EUR 1.8 bn<br />
Investment or dividend payment capacity<br />
ST funding/Total balance sheet at 11%<br />
Core Tier 1 at ~15% 2 and<br />
Common equity ratio > 9% under Basle III<br />
ROE: > 11% (Normative 3 )<br />
ROE: > 8% (Stated)<br />
13<br />
Note: (1) Excluding non-<strong>com</strong>mercial revenues<br />
(2) Under Basel II, assuming sale of Crediop and Sabadell at book value and dividend pay-out ratio: 30% p.a. from 2012<br />
(3) Normative ROE according to EC capital requirement
Change language