2. Introduction
• Dexia is a European bank
• Main activity
• Public finance
• Retail banking
• Headquarter in Brussels
• CEO: Pierre Mariani
• Chairman of the board: Jean-Luc Dehaene
4. Financial Crisis
• 2008: Financial crisis
• Dexia lose a large part of their value.
• A strong support from the government and shareholders
• Capital of Dexia is increased with 6 billion euro
8. Financial Security Assurance
• Dexia sold the insurance activities
of FSA to Assured Guaranty (a Bermuda-based holding company)
• The impact of the crisis on Dexia’s net income was € 5,868
million, of which 3,139 million is to blame to FSA.
9. Full Year 2008 - Consolidated statement of income
•Net loss is € 3,326
million
• Revenues are
almost halved ( -48%)
• Proposal to
exceptionally cancel
dividends for the
financial year 2008
10. Full Year 2008 - Consolidated statement of income
•Net loss is € 3,326
million
• Revenues are
almost halved ( -48%)
• Proposal to
exceptionally cancel
dividends for the
financial year 2008