press release
04/01/2008

Dexia receives the agreement from the CBFA (Banking, Finance and Insurance Commission - Belgium) for using its internal models for the Basel II calculation of capital requirements

The Banking, Finance and Insurance Commission (CBFA - Belgium), the supervisor of the Dexia Group on a consolidated basis, has given its approval for using the Advanced Internal Ratings Based Approach (AIRBA) method to calculate the capital requirements for credit risks in the framework of the first pillar of Basel II.
 
From 1st January 2008 onwards, the Dexia Group will use this method to calculate the capital requirements for credit risks and to publish its solvency ratios.
 
Dexia, a European bank, world leader in Public Finance
 
The Dexia Group (www.dexia.com) was born in 1996 from the alliance of two major players in local public finance in Europe: Crédit local de France and Crédit Communal de Belgique. With a market capitalisation of 27.1 billion euros (June 30, 2007), Dexia ranks among the fifteen largest financial institutions in the eurozone. At the same date, it employs more than 34,000 staff members in 37 countries. Dexia enjoys one of the best credit ratings in the banking sector. Dexia’s development strategy is based on two pillars: Universal Banking in Europe (Belgium, Luxembourg, Slovakia and Turkey), and Public/Project Finance worldwide.
 
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