Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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By 2014: Ability to fund the Legacy division in line with EC<br />
<strong>com</strong>mitments<br />
Legacy end 2009<br />
EUR 162 bn<br />
(70% ST funding)<br />
Legacy end 2014<br />
< EUR 80 bn<br />
(11% ST funding)<br />
<br />
<br />
Deleverage more than<br />
offsetting amortization of<br />
Guaranteed Debt<br />
Limited recourse to LT<br />
unsecured funding needed<br />
Deleverage: ~EUR 75 bn<br />
Amortization: ~EUR 30 bn<br />
><br />
More than<br />
<strong>com</strong>pensating<br />
Amortization of<br />
EUR 49 bn Government<br />
Guaranteed debt, issued<br />
in 2009 and 2010 1<br />
<br />
Downsizing and rebalancing<br />
of balance sheet, enabling to<br />
reach short-term funding EC<br />
<strong>com</strong>mitment<br />
Excess LT funding from<br />
Core division: ~EUR 25 bn<br />
11% ST wholesale funding by 2014<br />
41<br />
Note: (1) Outstanding as of end June 2010. Outstanding as of end 2009: EUR 22 bn
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