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  • Repurchase of equity - Information center
    Asset portfolio Governance Board of directors Dedicated committees Management Audit Compliance Information center Press releases Financial results Publications Dexia from A to Z Video library Contact Shareholder Investor Dexia in short Financial results and reports Shareholder information Investor information General meeting Regulated information Contact Career HR Welcome Testimonials Home Information center Press releases Repurchase of equity PRESS RELEASE Email Print Rollup Image 10 01 2002 Repurchase of equity Page Content In accordance with the applicable rules relating to market information the Dexia Group announces that the company has been authorised in accordance with article 620 of the Belgian company code and pursuant to the decision of the extraordinary shareholders meeting of june 6 2001 to acquire its own shares on Euronext Brussels up to maximum 10 of the subscribed capital and for a price which cannot exceed by more than 5 the average market price of the last 10 closing market prices on Euronext Brussels The duration of such authorisation is 18 months as from the date of said meeting The company intends to make use of this authorisation in compliance with its capitalisation ratio objectives Share this article About Dexia Governance Information center Press releases Financial results Publications Dexia

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Rachat-d%27actions-propres.aspx (2016-01-08)
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  • Risks of Dexia in Argentina: negligible impact on the 2001 results - Information center
    directors Dedicated committees Management Audit Compliance Information center Press releases Financial results Publications Dexia from A to Z Video library Contact Shareholder Investor Dexia in short Financial results and reports Shareholder information Investor information General meeting Regulated information Contact Career HR Welcome Testimonials Home Information center Press releases Risks of Dexia in Argentina negligible impact on the 2001 results PRESS RELEASE Email Print Rollup Image 09 01 2002 Risks of Dexia in Argentina negligible impact on the 2001 results Page Content Further to press articles mentioning the risks of Dexia in Argentina the group communicates that the amount of its exposure subject to country risk provisions is less than EUR 40 million in the case of Argentina This exposure mostly relates to solvent public authorities It will be provisioned in the amount of 50 in the accounts at year end 2001 a level considered very cautious given the risks under consideration This means that a EUR 5 million allowance will be written in the 4th quarter 2001 results over and above the provisions standing previously against those same risks This will therefore have a negligible impact on the 2001 results Share this article About Dexia Governance Information center Press releases

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Risques-du-groupe-Dexia-sur-l%27Argentine-impact-n%C3%A9gligeable-sur-les-r%C3%A9sultats-2001.aspx (2016-01-08)
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  • The Dexia group increases its equity interest in its Italian subsidiary Dexia Crediop from 60% to 70% through the acquisition of the 10% held by the Banca Popolare di Bergamo - Information center
    interest in its Italian subsidiary Dexia Crediop from 60 to 70 through the acquisition of the 10 held by the Banca Popolare di Bergamo PRESS RELEASE Email Print Rollup Image 20 12 2001 The Dexia group increases its equity interest in its Italian subsidiary Dexia Crediop from 60 to 70 through the acquisition of the 10 held by the Banca Popolare di Bergamo Page Content In February 2000 the Dexia group the majority shareholder of Dexia Crediop with a 60 equity interest had signed a partnership agreement with the four main Italian popular banks Banca Popolare di Bergamo Banca Popolare di Milano Banca Popolare dell Emilia Romagna and Banca Popolare di Verona whereby each of them acquired 10 of the capital of Dexia Crediop This agreement concretizes cooperation which allows Dexia Crediop to work with Italian shareholders operating through their retail networks over a major part of the country and enables the popular banks to collaborate on the range of products and services they can offer their customers In December 2001 Dexia Banque International à Luxembourg acquires the 10 interest in Dexia Crediop held by Banca Popolare di Bergamo Dexia Banque Internationale à Luxembourg is in charge of Investment Management Services within the Dexia group In February 2001 Dexia Crediop the leading private lender in the local public finance market in Italy with a banking market share of almost 30 expanded its traditional activities to include asset management and fund administration thus becoming the focus in Italy for all of the Dexia group s activities In this framework Dexia Fund Services Italia was created in Milan This new unit is a wholly owned subsidiary of Dexia Crediop specialized in fund administration It has been operational since the month of November 2001 The company relies in particular on the expertise of

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Le-groupe-Dexia-porte-sa-participation-de-60-%C3%A0-70-pourcents-dans-le-capital-de-sa-filiale-italienne-Dexia-Crediop.aspx (2016-01-08)
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  • Sale of Banque Artesia Suisse - Information center
    RELEASE Email Print Rollup Image 07 12 2001 Sale of Banque Artesia Suisse Page Content Artesia Banking Corporation a 100 subsidiary of Dexia signed a protocol agreement pertaining to the sale of Banque Artesia Suisse its subsidiary in Switzerland Banque Artesia Suisse is to be sold to Société Anonyme pour le Développement du Crédit Communal Européen a company of the Schuppli Group active in the German banking and insurance sector

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Cession-de-Banque-Artesia-Suisse.aspx (2016-01-08)
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  • Activity, results and integration progress as of september 30, 2001 - Information center
    sector of activities demonstrated good resistance to an economic environment characterized by a marked downturn in the stock markets Assets managed for private banking clients together with Labouchere s share leasing products totaled EUR 40 0 billion as of September 30 2001 compared with EUR 36 9 billion on December 31 2000 The impact of changes in consolidation contributed EUR 7 7 billion to this increase Artesia BC contributed EUR 3 6 billion and Kempen Co EUR 2 7 billion whereas market valuations led to a reduction of EUR 3 8 billion Assets under management increased by EUR 19 4 billion in nine months to EUR 75 3 billion as of September 30 2001 Despite lackluster market performance there was a net increase in assets under management of EUR 0 5 billion Market valuations led to an erosion of EUR 5 2 billion in the value of assets under management Finally the impact of the consolidation of new companies augmented the volumes of assets under management in the amount of EUR 16 5 billion with respect to Artesia and of EUR 7 6 billion for the other acquisitions In investment fund administration the outstandings of capital administered suffered from the drop in stock market values but this business continued to grow in terms of the volume of transactions which are the main profit driver The number of transactions conducted as a custodian bank was 20 2 higher than in the first nine months of 2000 the number of portfolios centrally administered increased by 8 5 over September 30 2000 and the number of transfer agent transactions was up 20 7 in the same period II Strong growth in consolidated net income In a less and less favorable economic and financial environment in particular in the banking and financial sector since the beginning of the year the Dexia group reported 47 4 growth in net income to EUR 1 092 million as of September 30 2001 compared with EUR 741 million the previous year This rise reflected both the very good resistance of the group as a whole which can be attributed to its well balanced business portfolio and also to the broadening of its scope of consolidation The contribution of the results of the companies consolidated in the last twelve months mainly Financial Security Assurance Bank Labouchere Artesia Banking Corporation and Kempen Co represented 82 of the increase recorded The 9 4 increase in net income per share demonstrates that growth was once again profitable Revenues totaled EUR 4 271 million as of September 30 2001 versus EUR 2 849 million in September 2000 representing an increase of EUR 1 422 million almost 50 This rise was due to changes in consolidation in the amount of EUR 1 353 million The components of revenue in the first nine months of 2001 reflected trends corresponding to the group s strategy Net interest and related income increased by 36 1 and accounted for 63 3 of the total revenues Net commissions and other revenues increased by 38 7 to EUR 1 047 million they represented 24 5 of the revenues Finally income from insurance activities reported very strong growth EUR 413 million particularly reflecting the consolidation of the activities of FSA and Artesia in this field but also sustained development in Dexia s insurance activities existing prior to these acquisitions which alone increased by 21 3 Income from insurance activities accounted for 12 2 of total net banking income reported by the group At the end of September 2001 operating expenses stood at EUR 2 440 million up EUR 943 million from the first nine months of 2000 This increase was due to changes in consolidation in the amount of EUR 877 million The cost income ratio stood at 57 1 52 5 in the first nine months of 2000 and 55 4 for the year 2000 It continues to be one of the best in the banking sector in spite of the increase which was among other due to changes in consolidation and in particular to the consolidation of Artesia BC To realign the trend with the group s medium term objective reduction of this ratio to less than 50 in 2004 it has been decided to put in place a strict cost control plan for the whole group and in the each of the different business lines and more especially in those which are currently affected by the unfavorable stock market environment Accordingly the group expects that its cost base in 2002 will not exceed that of 2001 at constant scope Write downs and allowances and provisions for loan losses and off balance sheet items excluding goodwill amortization totaled EUR 147 million as of September 30 2001 compared with EUR 121 million a year earlier This net increase of EUR 26 million was the result of several trends Capital gains from the portfolio of investments were EUR 29 million more than as of September 30 2000 mainly because of the sale in 2001 of the equity interest in Banco de Crédito Local in Spain and of the reduction to 25 of the group s equity interest in Fortior The net bad debt charge increased by EUR 91 million compared with September 30 2000 owing partly to changes in the scope of consolidation in the amount of EUR 68 million and partly to an increase in provisions The latter rise reflected among other trends an exceptionally low level of provisions in the first half of 2000 Despite this increase the group s annualized net bad debt charge remained at a very low level of 0 105 of outstanding client commitments on the balance sheet and off balance sheet as compared with the banking sector average The net allocation to the general banking risks reserve was EUR 44 million It had been EUR 80 million in the first nine months of the previous year reflecting increased non recurring income realized in 2000 Corporate income tax which also included deferred taxes stood at

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Activit%C3%A9,-r%C3%A9sultats-et-grands-projets-d%27int%C3%A9gration-au-30-septembre-2001.aspx (2016-01-08)
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  • Quarterly results publication - Information center
    Shareholder Investor Dexia in short Financial results and reports Shareholder information Investor information General meeting Regulated information Contact Career HR Welcome Testimonials Home Information center Press releases Quarterly results publication PRESS RELEASE Email Print Rollup Image 26 11 2001 Quarterly results publication Page Content Dexia will publish its results as of September 30 2001 on Tuesday November 27 2001 at 2 00 p m The press release will be posted

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/publication-des-r%C3%A9sultats-trimestriels-2001.aspx (2016-01-08)
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  • Dexia Credit Local to Acquire 75% of Global Structured Finance Business from PricewaterhouseCoopers LLP - Information center
    Global Structured Finance Business from PricewaterhouseCoopers LLP PRESS RELEASE Email Print Rollup Image 24 10 2001 Dexia Credit Local to Acquire 75 of Global Structured Finance Business from PricewaterhouseCoopers LLP Page Content Dexia Credit Local has signed an agreement to acquire seventy five percent of Global Structured Finance GSF a business unit of PricewaterhouseCoopers LLP which advises on and structures asset finance transactions Key management of GSF will acquire the remaining twenty five percent of the GSF business The transaction is subject to regulatory approval in the United States GSF is mainly active in structuring deals in the fields of energy waste water fresh water public transportation solid waste management and municipal real estate projects for a clientele primarily composed of local governments and their subsidiaries GSF is active primarily in the United States and Europe France Belgium Germany the Netherlands Norway GSF has 20 professionals located in New York Boston San Francisco and Amsterdam GSF s activities are at the heart of Dexia s first business line Public and Project Finance and complements the wide range of value added products and services offered to its clientele through its branches and subsidiaries throughout the world GSF s team will reinforce

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Dexia-Credit-Local-rach%C3%A8te-75-pourcents-de-Global-Structured-Finance-%C3%A0-PricewaterhouseCoopers-LLP-.aspx (2016-01-08)
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  • Cooptation de Roberto Mazzotta au Conseil d'administration de Dexia - Information center
    Mazzotta Président du Conseil d Administration de la Banca Popolare di Milano en qualité d administrateur en remplacement de Paolo Bassi Roberto Mazzotta Âgé de 60 ans Roberto Mazzotta est diplômé en économie et a débuté sa carrière comme Professeur d Economie Internationale à la faculté de droit de l Université de Gênes De 1969 à 1972 il a occupé les fonctions de secrétaire régional du parti Démocrate Chrétien en Lombardie chargé de la réalisation du statut régional il a été fondateur et administrateur de la société financière pour la Lombardie Finlombarda S p A puis Administrateur délégué et Président de la société d autoroute Milano Serravalle Pontechiasso Elu député en 1972 1976 1979 et 1983 il est nommé sous secrétaire au Ministère de l Agriculture du 3ème gouvernement Andreotti en 1976 et Ministre des Affaires régionales du gouvernement Forlani en 1980 En 1986 il est nommé Président de la Cassa di Risparmio delle Provincie Lombarde CARIPLO En 1987 il démissionne de la Chambre des Députés En 1989 il est nommé Président de l Association Italienne des Caisses d Epargne Vice Président du groupe européen et de l Institut international En 1992 il est nommé vice président de l Association

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Cooptation-de-Roberto-Mazzotta-au-Conseil-d%27administration-de-Dexia.aspx (2016-01-08)
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