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Dexia SA (DEXI.BR)

DEXI.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dexia H1 Net Loss Widens To 424 Million Euros
Friday, 7 Sep 2018 01:30am EDT 

Sept 7 (Reuters) - DEXIA SA ::H1 ANC CONSOLIDATED NET BANKING LOSS EUR 198 MILLION VERSUS EUR 9 MILLION YEAR AGO.H1 ANC CONSOLIDATED GROSS OPERATING LOSS EUR 448 MILLION VERSUS LOSS OF EUR 243 MILLION YEAR AGO.H1 NET LOSS EUR 424 MILLION VERSUS LOSS OF EUR 292 MILLION YEAR AGO.DEXIA TOTAL CAPITAL RATIO AT 25.7% AT THE END OF JUNE 2018, COMPARED TO 20.4% AT 31 DECEMBER 2017.FOR H1 POSITIVE COST OF RISK, AMOUNTING TO EUR +50 MILLION.  Full Article

Dexia Shareholders Approve Preference Share Conversion And Profit Share Issue To French and Belgian States
Thursday, 7 Dec 2017 12:09pm EST 

Dec 7 (Reuters) - Dexia Sa ::SHAREHOLDERS APPROVE CONVERSION OF COMPANY'S PREFERENCE SHARES AND ISSUE OF PROFIT SHARES TO STATES.SHAREHOLDERS APPROVE OF CONVERSION OF PREFERENCE SHARES SUBSCRIBED IN 2012 BY BELGIAN AND FRENCH STATES.SHAREHOLDERS APPROVE OF ISSUING PROFIT SHARES.2012 PREFERENCE SHARES ARE CONVERTED AT CONVERSION RATE OF 14.446 ORDINARY SHARES FOR ONE PREFERENCE SHARE‍​.PROFIT SHARES BEARING CONTINGENT LIQUIDATION RIGHTS (CLR) ARE GRANTED TO THE BELGIAN AND FRENCH STATES.CLR GIVE STATES RIGHT TO BENEFIT FROM PREFERENTIAL DISTRIBUTION, ON LIQUIDATION OF DEXIA.PREFERENTIAL DISTRIBUTION AFTER SETTLEMENTS AT EUR 440 MILLION A YEAR FROM JAN 1, 2018, TO LIQUIDATION.  Full Article

Dexia to collaborate with Cognizant on IT and business process services
Thursday, 5 Oct 2017 02:49am EDT 

Oct 5 (Reuters) - DEXIA SA ::SIGNS AGREEMENT WITH COGNIZANT <<>> TO COLLABORATE ON INFORMATION TECHNOLOGY AND BUSINESS PROCESS SERVICES.150 DEXIA EMPLOYEES TO MOVE TO COGNIZANT COMPANY IN FRANCE WHERE DEXIA WILL TRANSFER CERTAIN IT AND BUSINESS PROCESS SERVICES.‍ANNOUNCES SIGNING OF 10-YEAR AGREEMENT WITH COGNIZANT.TRANSFER OF IT SERVICES TO TAKE PLACE BY NOVEMBER 2017 AND OF BUSINESS OPERATIONS BY MAY 2018 AT LATEST.EXPECTS POTENTIAL SAVINGS OF APPROXIMATELY EUR 100 MILLION TO BE MADE OVER LIFETIME OF AGREEMENT WITH COGNIZANT.‍LONG-TERM AGREEMENT TO ENABLE OPERATIONAL EFFICIENCIES, LOWER COSTS AND REDUCE OPERATIONAL RISKS FOR DEXIA.​.  Full Article

Dexia H1 ANC consolidated gross operating loss widens to ‍243​ million euros
Thursday, 31 Aug 2017 03:23am EDT 

Aug 31 (Reuters) - DEXIA SA : :H1 ANC CONSOLIDATED NET LOSS EUR 292 MILLION VERSUS LOSS OF EUR 239 MILLION YEAR AGO.H1 NET INCOME OF EUR -296 MILLION DURING H1 2017‍​.H1 ANC CONSOLIDATED GROSS OPERATING LOSS EUR ‍243​ MILLION VERSUS LOSS OF EUR 217 MILLION YEAR AGO.H1 ANC CONSOLIDATED NET BANKING INCOME EUR 9‍​ MILLION VERSUS LOSS OF EUR 16 MILLION YEAR AGO.H1 NEGATIVE COST OF RISK AT EUR 5.0 MILLION VERSUS NEGATIVE COST OF EUR 6 MILLION LAST YEAR.  Full Article