Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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<strong>Dexia</strong> 2014: Key drivers of balance sheet evolution<br />
between end 2009 and end 2014<br />
Key drivers of assets evolution<br />
Key drivers of liabilities evolution<br />
Deleverage<br />
Active sale of Legacy<br />
and Core assets<br />
Legacy amortization<br />
Residual amortization of Legacy<br />
assets, after deleverage<br />
Reduction of PWB assets<br />
Net decrease in PWB assets, excl.<br />
Crediop and Sabadell sale<br />
~EUR -80 bn<br />
of which -75 for<br />
the Legacy<br />
~EUR -30 bn<br />
~EUR -20 bn<br />
Divestiture of subsidiaries and shareholdings<br />
To be divested: Crediop, Sabadell,<br />
DBS, Deniz Emeklilik<br />
Increase of RCB assets<br />
Net increase in RCB assets<br />
~EUR -55bn 1<br />
~EUR +30 bn<br />
Deposits base<br />
Increase in RCB and PWB<br />
deposit base<br />
Covered bonds<br />
Stable covered bonds outstanding<br />
Unsecured funding<br />
Net decrease in LT senior unsecured<br />
outstanding<br />
Government Guaranteed LT funding<br />
Amortization of LT Guaranteed<br />
funding<br />
~EUR +35 bn<br />
-<br />
~EUR -35 bn<br />
EUR -22 bn 2<br />
Assets and liabilities also impacted by interest rates and FX movements<br />
<strong>18</strong><br />
Note: (1) Erratum: ~EUR 55bn Assets evolution replaces initial ~EUR - 20bn Net assets<br />
(2) Outstanding as of end 2009. Outstanding as of end of June 2010: EUR 49 bn
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