The asset management operations of Dexia, the Belgian financial services group, saw operating profit slip 8.6% to €74m ($88m) in the third quarter of this year, compared to the same period last year.

This continues the slid from the first half of the year and means that the fund management's operating profit fell by nearly 17% to €223m in the nine months to the end of September compared to the first three-quarter of last year.