- 1Q 2009 net profit amounted to EUR 251 million compared to EUR 289 million in
1Q 2008 and a net loss of EUR 2,603 million in 4Q 2008
- Impact of the crisis on Dexia's net income was EUR -419 million, including
EUR 201 million impairments and losses on insurance investment portfolios
- Core businesses Public and Wholesale Banking (PWB) and Retail and
Commercial Banking (RCB) proved resilient and profitable with respective
contributions to Group net income of EUR 198 million and EUR 156 million
- Costs decreased by 6% compared to 1Q 2008 and excluding FSA Insurance
- Quality of the Group's asset base is confirmed. The cost of risk remains
moderate, in PWB (3 bp) like in RCB (52 bp)
- The closing of the sale of FSA is expected by the end of June
- Group's liquidity situation continues to improve, notably thanks to healthy
long-term issuance volumes
- High solvency ratios, with a Tier 1 of 10.7% and a core Tier 1 of 9.8%
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