Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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Financials: Progressive decrease in Legacy revenue<br />
In<strong>com</strong>e (EUR bn)<br />
Main drivers on profitability of the Legacy<br />
Treasury<br />
revenue<br />
<br />
Decrease in treasury revenue allocated to the Legacy<br />
mainly due to:<br />
• Reduction of the portfolios<br />
• Reduction of short-term funding<br />
• Flattening of the short-term yield curve<br />
<br />
Slight decrease in funding costs<br />
• Amortization of Government Guaranteed funding partly offset by<br />
use of longer term liquidity to reach 11% ST funding target<br />
<br />
Cost of deleverage expected to decrease from 2012 onwards<br />
<br />
Decrease in Cost of Risk mainly <strong>com</strong>ing from Financial<br />
Product portfolio<br />
44
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