Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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PWB 2014: Improved funding structure<br />
Funding linked to PWB 1 <strong>com</strong>mercial activity<br />
Contribution to LT funding (as % of PWB LT <strong>com</strong>mitments)<br />
72%<br />
Key drivers<br />
Increased PWB deposits base through<br />
offer diversification<br />
48%<br />
PWB deposits<br />
11%<br />
LT secured<br />
36%<br />
2010E<br />
PWB deposits<br />
19%<br />
LT secured<br />
53%<br />
2014E<br />
Consistent ability to originate AAA<br />
covered bonds eligible assets 2<br />
• ~70% of 2014 annual new LT<br />
<strong>com</strong>mitments AAA eligible<br />
• ~EUR 58 bn transferred to the cover<br />
pools from 2010 to 2014, including<br />
~70% of new LT <strong>com</strong>mitments<br />
PWB contributing to reach 2014<br />
Group targets<br />
• 11% of short-term financing<br />
• 58% of stable funding (covered bonds<br />
and deposits)<br />
49<br />
Note: (1)PWB excluding Crediop and <strong>Dexia</strong> Sabadell<br />
(2) <strong>Dexia</strong> Municipal Agency, <strong>Dexia</strong> Kommunalbank Deutschland and <strong>Dexia</strong> Lettres de Gage Banque
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