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.
Key messages<br />
Rebound of pre-tax in<strong>com</strong>e by 2012 thanks to<br />
good <strong>com</strong>mercial dynamic, reduced weight of the<br />
Legacy and on-going cost control<br />
By 2014, strong organic capital generation,<br />
enabling <strong>Dexia</strong> to support core business growth<br />
and to maintain robust solvency ratios<br />
Target 2012<br />
Organic capital generation<br />
via P&L: ~EUR 2 bn over<br />
2010-2012<br />
Core Tier 1: ~14%<br />
ST funding / Total balance<br />
sheet at or below 15%<br />
Investment or dividend payment capacity from<br />
2012 onwards<br />
Significant improvement of <strong>Dexia</strong> liquidity profile<br />
Under Basel III framework, <strong>Dexia</strong> solvency<br />
requirements met with a <strong>com</strong>mon equity ratio<br />
above 9% from 2014 onwards<br />
Target 2014<br />
Organic capital generation<br />
via P&L: ~EUR 3.8 bn over<br />
2010-2014<br />
Core Tier 1: ~15%<br />
ST funding / Total balance<br />
sheet at 11%<br />
ROE: > 11% (Normative 1 )<br />
31<br />
Note: (1) Normative ROE according to EC capital requirement
Change language