2000 - 2004 GAAP

				2000		2001		2002		2003		2004
		Share price (in EUR)
		Brussels
		• high		19.40		19.50		18.98		13.81		17.19
		• low		12.76		13.02		8.21		7.10		12.81
		Paris
		• high		19.59		19.55		18.95		13.80		17.19
		• low		12.84		13.12		8.22		7.11		12.85
		Market capitalization end of the year (in millions of EUR) (1)		18,832		18,879		13,885		16,036		19,384
		Gross dividend (in EUR) (2)		0.43		0.48		0.48		0.53		0.62
		Net Dividend for shares with a VVPR Strip (3)		0.37		0.41		0.41		0.45		0.53
		Net dividend (in EUR) (4)		0.32		0.36		0.36		0.40		0.47

		Statement of Income figures (in millions of EUR)		2000		2001		2002		2003		2004
		Revenues		3,740		5,644		5,157		5,160		5,392
		• net interest income and related income		2,627		3,604		3,422		3,429		3,524
		• net commissions and other income		886		1,331		1,015		992		1,077
		• insurance		227		709		720		739		791
		Costs		2,050		3,336		3,037		3,056		3,012
		Gross operating income		1,690		2,308		2,120		2,104		2,380
		Cost of risk		126		295		722		176		229
		Operating income		1,564		2,013		1,398		1,928		2,151
		Net income		1,001		1,426		1,299		1,431		1,772

		Balance Sheet Figures (in millions of EUR)		2000		2001		2002		2003		2004
		Total assets		257,847		351,380		350,924		349,888		389,155
		Shareholder's equity		6,537		8,337		9,090		9,790		10,464
		Customer deposits		52,356		84,007		85,322		92,343		97,609
		Debt securities		134,446		140,861		146,505		134,905		143,914
		Customer Loans		134,370		156,404		157,773		161,941		166,199
		Bonds, equities & other securities		70,684		116,780		121,915		120,508		133,207
		Long term investments		979		1,434		1,883		1,443		1,524
		Net assets with GBBR Group share per share (in EUR)		8.05		8.39		8.79		9.25		9.95

		Capital Adequacy		2000		2001		2002		2003		2004
		Tier 1 Ratio		9.3%		9.3%		9.3%		9.9%		10.7%
		Capital Adequacy Ratio		9.8%		11.5%		10.7%		11.2%		11.7%
		Risk-weighted assets (in millions of EUR)		74,007		103,633		109,365		106,540		103,355

		Key ratios		2000		2001		2002		2003		2004
		Earnings per share (in EUR)		1,15		1,25		1,13		1,24		1,58
		Payout ratio (5)		41.9%		39.3%		43.00%		42.1%		38.7%
		Profit margin		28.4%		27.1%		26.9%		29.3%		34.2%
		Cost/income ratio		54.8%		59.1%		58.9%		59.2%		55.9%
		Cost of risk for the banking activities ( in bp)		6.6		12.2		9.8		5.7		1.8
		Annualized Return on equity		17.7%		18.7%		16.1%		16.5%		19,8%

Long-term rating

Dexia Bank

Dexia Crédit Local

Dexia BIL

Financial Security Assurance

Dexia Municipal Agency

Moody's

Aa2

Aa2

Aa2

Aaa

Aaa

Standard & Poor's

AA

AA

AA

AAA

AAA

Fitch

AA+

AA+

AA+

AAA

AAA

		Staff		2000		2001		2002		2003		2004
		Number of FTE (Full Time Equivalent)		17,499		26,141		24,893		23,865		24,000