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  • Take-over bid by Dexia BIL for Kempen&co - Information center
    its French subsidiary Dexia Credit Local and FSA in the United States this business contributed 40 to the group s result in 2000 In the area of retail financial services including bancassurance the group has through its Belgian subsidiary Dexia Banque one of the strongest positions among retail banks In 2000 total bancassurance business represented 19 of the Dexia group s results and this percentage is set to increase once the acquisition of Artésia Banking Corporation announced in March 2001 has been achieved Finally in support of the group s 3 strategic businesses a capital markets division Dexia Financial Markets DFM at the level of the Dexia Holding company steers strategy and monitors related business In 2000 financial market activity including the credit enhancement business of Asset Backed Securities ABS conducted by FSA contributed 16 to overall results In 2000 Dexia s profits totalled EUR 1001 million and it had a stock market capitalisation of EUR 19 billion 4 The planned acquisition of Kempen Co is a natural extension of Dexia s three pronged strategy aimed at developing its investment management services It will add to the group s breadth of expertise in the area of securities underline its pan European development policy principally centred on France and Benelux Dexia s home base provide synergies through the intended integration of the group s subsidiaries in The Netherlands This development simultaneously meets the changing needs of the group s target clients in the domain of securities investments and the objectives of optimising the exploitation of resources and creation of value for shareholders broaden expertise the growing demands of European customers for private banking services particularly at the top end of the market and for asset management services have resulted in the need for a stronger reputation and enhanced operational effectiveness in the catchment area Kempen Co will bolster the Dexia group in several ways The bank possesses specialist knowledge of the Dutch market thanks to its research teams whose skills are highly regarded in certain key sectors property TMT food and food retail and temporary employment In addition its Corporate Finance team is actively and widely involved in Dutch corporate circles and accordingly enjoys a quality of information and experience which makes Kempen Co an important player Finally Kempen Co s position in the equities brokerage market gives Dexia a window of opportunity from which to develop the equity and derivatives market Mastery and expertise is indispensable for the effective and credible conduct of securities business whether in the form of collective investment funds or for high net worth individuals or institutional customers Reinforcing Dexia s presence in its home base since its creation in 1996 Dexia has consciously chosen to be a pan European bank centred mainly in the region of France Benelux to start with The recent linking up of the Paris Brussels and Amsterdam exchanges to create Euronext confirms that this region often referred to as Europe s money belt can be seen as an economic and financial

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Offre-publique-d%27achat-de-Dexia-BIL-sur-Kempen-and-Co-.aspx (2016-01-08)
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  • Anne-Claire Taittinger appointed to Dexia's Board of Directors - Information center
    Print Rollup Image 18 05 2001 Anne Claire Taittinger appointed to Dexia s Board of Directors Page Content The General meeting of shareholders of Dexia S A held on Wednesday 9 May 2001 appointed Anne Claire Taittinger Chairman of the Board of Société du Louvre as a member of Dexia s Board of Directors to replace Michel Pasquet who resigned for a term of 6 years and ending after the shareholders meeting of 2007 Anne Claire Taittinger 51 is since 1997 Chairman of the Board of Société du Louvre Groupe du Louvre for which she was succesively General Secretary Assistant General Manger and General manager between 1985 and 1997 Furthermore Anne Claire Taittinger is Chief Executive Officer of Baccarat for which she was General Manager in 1993 Vice President Chief Executive Officer Deville and General Secretary of Compagnie Financière Taittinger Graduated from the Institut d Etudes Politiques de Paris and from the Centre de Perfectionnement aux Affaires Anne Claire Taittinger has degrees in Town Planning and National and Regional Development and Master s degree in Urban Sociology She began her career in 1976 at SCET Groupe Caisse des Dépôts et Consignations and joined in 1979 the Compagnie Financière Deville Holding

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Nomination-de-Anne-Claire-Taittinger-au-Conseil-d%C2%BFadministration-de-Dexia.aspx (2016-01-08)
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  • Axel Miller joins the Dexia Group as General Counsel - Bruno Deletré joins the Executive Board of Dexia Crédit Local - Information center
    Image 18 05 2001 Axel Miller joins the Dexia Group as General Counsel Bruno Deletré joins the Executive Board of Dexia Crédit Local Page Content Axel Miller a former partner of Clifford Chance in Brussels joined the Dexia group s holding company as General Counsel on May 2 2001 His appointment to the Executive Board will be submitted to the Board of Directors at their meeting of May 22 2001 Axel Miller will be in charge of the group s legal and administrative affairs and will pilot the group s audit system Bruno Deletré deputy director for Europe and international monetary affairs at the French Treasury will join the Executive Board of Dexia Crédit Local the Dexia group subsidiary specialized in public finance and financial services for public service organizations The Executive Board of Dexia Crédit Local will thus be composed of Jacques Guerber Chairman and member of Dexia s Executive Board Bruno Deletré and Philippe Valletoux Axel Miller 36 a graduate of the Université Libre de Bruxelles Licence en droit began his career as an Associate with the Simont Simont firm in 1987 In September 1990 he joined the Davis Polk Wardwell offices in New York and Paris He was admitted to the Brussels Bar in January 1991 An Associate with the Stibbe Simont Monahan Duhot firm in Brussels from December 1991 he became a Partner in 1996 a member of the Recruitment Committee and of the Management Committee In May 1999 he joined the Clifford Chance firm in Brussels as a Partner Bruno Deletré 40 a graduate of the Ecole Polytechnique and the Ecole Nationale d Administration began his career at the French Inspection Générale des Finances In 1991 he was named deputy to the Head of the C2 Bureau for Insurance Companies at French Treasury then in

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Axel-Miller-rejoint-le-groupe-en-tant-que-General-Counsel---Bruno-Deletr%C3%A9-entre-au-directoire-de-Dexia-Cr%C3%A9dit-Local.aspx (2016-01-08)
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  • Dexia splits its share in 10 - Information center
    information Investor information General meeting Regulated information Contact Career HR Welcome Testimonials Home Information center Press releases Dexia splits its share in 10 PRESS RELEASE Email Print Rollup Image 19 03 2001 Dexia splits its share in 10 Page Content In order to increase the liquidity of the Dexia share and to further the purchase of the share by individual shareholders the Dexia group announces that a proposal will be made to the extraordinary general meeting of shareholders to split the Dexia share in a proportion of ten new shares for one existing share The same prodedure will be followed for the Dexia strip The exchange of shares and strips will start on 14 June 2001 with the financial institutions providing the financial service of the share against remittance of the existing share with coupons 7 and following attached and against the existing strip The new shares and strips after the split will be listed on the Brussels Paris and Luxembourg stock exchanges from 18 June 2001 onwards From this date the old share and the old strip will not be listed anymore The dividend for the financial year 2000 will be made payable on 14 June 2001 Its gross

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Dexia-divise-son-action-par-10.aspx (2016-01-08)
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  • Results 2000 - Information center
    8 Commission income and premium income together accounted for 31 2 of total revenues compared with 21 9 in 1999 This percentage is expected to increase even more in 2001 since FSA was only consolidated for six months in 2000 and will be accounted for on a full year basis in 2001 Operating expense was EUR 2 081 million up 21 3 but only up 5 8 on a constant basis and excluding non recurring expense Write downs and allowances increased to EUR 233 million from EUR 134 million in 1999 In 1999 they had been particularly low owing to recoveries of provisions At 0 09 the net risk charge ratio between the year s provisions and outstanding customer loans remained close to the level reported in 1997 and 1998 and significantly below the banking profession average This was due to the nature of Dexia s lending activities loans to a particularly solvent clientele with a low risk profile as well as to its very strict risk control policy Return on equity ROE stood at 17 7 in 2000 compared with 15 7 in 1999 representing a significant improvement Net income per share increased by 17 1 to EUR 11 50 compared with 16 0 in 2000 The group s Tier I ratio was 9 34 versus 9 00 a year earlier By business performance was either satisfactory or excellent In public finance operating income before allowances totaled EUR 715 million up 11 9 Net income in this sector was EUR 424 million up 4 4 Return on economic equity stood at 19 3 In retail banking services operating income before allowances totaled EUR 330 million up 25 7 in a very competitive environment with continued investments to restructure the network in Belgium Net income in this sector climbed 28 2 to EUR 209 million and return on economic equity was 14 2 up from 12 8 in 1999 In investment management services private banking asset management and fund administration operating income before allowances increased by 28 9 and net income by 29 8 over 1999 Return on economic equity stood at 53 7 at an even higher level than in 1999 48 8 Finally capital markets and group refinancing Dexia s funding activities a sector which includes FSA s asset backed securities insurance business since July 1 2000 reported 23 growth in operating income before allowances and a 33 0 increase in net income which totaled EUR 173 million in 2000 On a comparable basis and excluding non recurring items the rise in net income would have been 10 2 compared with 1999 The contributions of the group s different businesses became more balanced Public finance accounted for 40 of net income versus 45 a year earlier retail banking services increased its relative share to 19 versus 18 in 1999 investment management services accounted for 25 of the total compared with 23 in 1999 and finally capital markets and asset backed securities insurance contributed 16 of net income compared

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Resultats-2000.aspx (2016-01-08)
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  • Artesia banking corporation joins the Dexia Group - Information center
    our pan European franchise in private banking and asset management We will now be in an even stronger position to service our customers provide more and better opportunities for our employees and create more value for our shareholders Integration Plan The merger integration planning process has been guided by six key principles Value creation is central The focus is on maximising synergies The processes of the merged bank will be based on best practices independent of their origin Artesia BC Dexia or external The commercial power of the merged bank will be maximised using one single umbrella brand differentiating the offer by client segment and leveraging the power and the motivation of the self employed agents Cost synergies are an important part of the objective leading to a full merger of the back offices the support services and information technology The risk criteria of the Dexia Group will be applied to the combined institution The merger will be executed to limit risks with respect to clients and employees The top management is committed to and will continue to be actively and intensively involved in the preparation and execution of the merger Retail Financial Services The retail financial services network will operate under the Dexia Bank brand The unique and highly efficient Dexia Bank franchisee system will be maintained Artesia BC branches will be integrated within the star clusters of Dexia Bank s local agency co operative structure Dexia Bank will consider offering the branch managers of Artesia BC s retail banking network Bacob the opportunity to become self employed agents or to remain commercial employees of the bank Also the agents of Artesia BC s insurance business DVV LAP will enhance the retail bancassurance offering Insurance The most efficient integration of Dexia Insurance and DVV LAP will be put in place DVV LAP offers a range of life and non life products through banking agency and third party distribution channels DVV LAP s insurance products will find their place in the Dexia offering Private Banking and Asset Management The private banking activities from Artesia BC in Belgium will enhance Dexia Bank s strategy in this area The Dexia agents will be incentivised to transfer high net worth clients to the private bank The private banking offering may operate under a different brand underneath the overall Dexia Bank umbrella brand In asset management the investment teams of Cordius and Dexiam Belgium will join forces This is intended to result in better investment performance a broader range of products shorter time to market for new products the integration of middle and back offices will allow costs reduction Corporate Banking The corporate banking teams will be integrated mainly in terms of services provided to non profit organisations Artesia BC s current strategy of selective focus on family owned clients and non profit organisations with a fee based product offering will be continued Asset quality and meeting Dexia s financial targets are of utmost importance Financial Markets In financial markets the respective teams will

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Artesia-Banking-Corporation-rejoint-le-Groupe-Dexia.aspx (2016-01-08)
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  • Dexia will present its financial results and make a strategy-update during a press conference that will take place on Tuesday March 13, 2001 at 2.30 pm - Information center
    and make a strategy update during a press conference that will take place on Tuesday March 13 2001 at 2 30 pm PRESS RELEASE Email Print Rollup Image 12 03 2001 Dexia will present its financial results and make a strategy update during a press conference that will take place on Tuesday March 13 2001 at 2 30 pm Page Content Dexia will present its financial results and make a

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/Dexia-pr%C3%A9sentera-ses-r%C3%A9sultats-financiers-et-sa-strat%C3%A9gie-de-d%C3%A9veloppement.aspx (2016-01-08)
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  • DEXIA and ARCO have started negotiations - Information center
    Shareholder information Investor information General meeting Regulated information Contact Career HR Welcome Testimonials Home Information center Press releases DEXIA and ARCO have started negotiations PRESS RELEASE Email Print Rollup Image 07 03 2001 DEXIA and ARCO have started negotiations Page Content DEXIA and ARCO have started negotiations in order to examine a possible alliance in respect to banking and insurance activities and to determine the conditions under which such alliance could be realised Through its Belgian subsidiary DEXIA Bank the Dexia group operates a network of approximately 1000 branches and it is the biggest supplier of financial services to the local authorities in this country The main subsidiary of the ARCO group is Artesia Banking Corporation with BACOB Bank ARTESIA Bank and DVV insurance as main entities The group has 584 banking branches in Benelux DVV occupies the fifth position in the insurance market in Belgium Both groups interested by the potential that could be delivered by such an alliance especially in Belgium but also in other countries where those kind of activities are exercised have agreed to examine all the aspects involved in order to make a final judgement in the near future Besides this common intention not any

    Original URL path: http://www.dexia.com/EN/journalist/press_releases/Pages/DEXIA-et-ARCO-ont-engag%C3%A9-des-discussions.aspx (2016-01-08)
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