Dexia: Slovakia Court Ruling Has No Impact On Unit Activities
May 18 2010 - 3:18AM
Dow Jones News
French-Belgian bank Dexia SA (DEXB.BT), a specialist in
financing large government projects, said Tuesday a EUR138 million
fine by a Slovakian court on one of its units won't affect
operations.
"Dexia will appeal against this judgment as it considers the
claim as groundless," the company said in a statement. "In any
case, this judgment has no impact on the daily operations" of Dexia
Banka Slovensko (PKB.BS), or DBS, Dexia's Slovakian unit, it
said.
The lender said the fine by the first-instance court stems from
a professional client's complaint dating back to 2008.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88;
alessandro.torello@dowjones.com