One of RBC Dexias parent companies, Dexia SA, experienced a decrease in its share price on 29 September 2008. In an effort to restore market confidence, Dexia received a commitment of EUR 6.4 billion in financial assistance from the governments of Belgium, France and Luxembourg as well as four existing institutional shareholders.
This infusion of capital is expected to bolster Dexia, a prominent lender to local governments. Dexia remains financial services organisation with high quality credit ratings of Aa1 (Moodys) and AA- (S&P). RBC Dexia continues to monitor market conditions.
“Given the exceptional market volatility of late, we are taking this opportunity to proactively communicate RBC Dexias strong financial position to our clients and business partners around the world,” says Jos Placido, chief executive officer of RBC Dexia. “We are very confident in the strength and stability of RBC Dexias financial position over the long-term, as well as our ability to weather further challenges in global financial markets.”
D.C.