Dexia Bank Q2 results impacted by Greece but insurance performs well
In Q2 2011, Belgium Dexia Group reported a net income group share of €-4.03bn, reflecting the May decision to accelerate its financial restructuring as well as an impairment on Greek government bonds in line with Dexia’s participation to the IIF Greece assistance programme.
Besides those one-off items the commercial business lines reported a steady performance.
In Q2 2011, pre-tax income stood at €-4.07bn. Excluding one-off items, the pre-tax income amounted to €114m
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