Mr Jean-Luc Dehaene, Chairman of the Board of Directors, said: “Thanks to a collective and sustained effort from all its stakeholders, the Group is successfully implementing its restructuring. Discussions with the European Commission regarding the restructuring of Dexia are continuing in an open and constructive climate. We will spare no efforts to fulfil our commitments for the benefit of all, employees, customers and shareholders. ”
Mr Pierre Mariani, Chief Executive Officer and Chairman of the Management Board, said: “The progress achieved in one year is sizeable: in 3Q 2009, Dexia confirmed its profitability with a third consecutive positive result, thanks to the good performance of its core activities and to the magnitude of its restructuring plan. The sale of FSA Insurance and the rapid improvement of the liquidity situation considerably reduced the risk profile of the Group. .Already the amount of Dexia's guaranteed debt is reducing sharply. Our businesses are refocused on core franchises and show a rising profitability. In what remains a challenging environment, we will not relax our efforts to complete the restructuring of Dexia while continuing to serve our customers.
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