Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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Financial restructuring: Non-<strong>com</strong>mercial revenue already<br />
largely decreased by end 2011<br />
In<strong>com</strong>e evolution (EUR bn)<br />
-<br />
<br />
2007-2011<br />
- Main drivers of in<strong>com</strong>e evolution -<br />
Reduced risk profile on proprietary trading and size<br />
of portfolios:<br />
~EUR -440 m in 2010-2011E Average vs. 2007<br />
1.6<br />
-<br />
<br />
Cost of state guarantee:<br />
~EUR -420 m in 2010-2011E Average vs. 2007<br />
-<br />
<br />
Loss of revenues from divestitures:<br />
~EUR -315 m in 2010-2011E Average vs. 2007<br />
Non<br />
<strong>com</strong>mercial<br />
revenue<br />
-<br />
<br />
Capital losses on deleveraging:<br />
~EUR -200 m in 2010-2011E Average vs. 2007<br />
+<br />
<br />
2012-2014<br />
- Main drivers of in<strong>com</strong>e evolution -<br />
Decreasing cost of state guarantee:<br />
~EUR +150 m in 2014E vs. 2012E<br />
Divest.<br />
2007<br />
2010E-2011E<br />
Average<br />
2012E<br />
2014E<br />
-<br />
Loss of revenues from assets sold/amortized :<br />
~EUR -310 m in 2014E vs. 2012E<br />
8<br />
Note: 2007 figures pro-forma estimated
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