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1. Strategic lines|
Economic and regulatory enviroment|
Building the future|
Business lines 2. Financial information|
Activity|
Income Statement| Capital base
|
Ratings 3. Business risk|
The risk function at Cecabank03 Our Business Model
Cecabank
2015 Annual Report
Depositary services
The Depositary business continues to consolidate its
leading position in the market. Financial year 2015
ended with assets under custody of over 89,500
million euros, as compare to 64,500 million euros in
December 2014.
The year’s increase was due to the transfer of Funds from
Barclays, pension plans from Unicaja, CNP/BVP, Caja
Badajoz Vida, Banco Madrid and Investment Funds from
Unicaja, accompanied by positive market performance.
Custody and Settlement
The Custody and Settlement business continues to
present great potential, thanks not only to the reform of
the securities market and the business brought from the
depositary services, but also to the exploration of other
services in the value chain, which may be of interest
to present and potential clients. The advances in the
reform of the securities market are at the trial stage
and we contacted banks and managers about new
services. Cecabank became a Global Clearing Member of
Iberclear, which will bring new business opportunities in
the coming years.
At the end of 2012, we undertook a strategic analysis
process which resulted in the definition of the 2013-
2016 Strategic Plan, approved by our Board of Directors
in June 2013.
This plan started with a competitive analysis of
our business lines and this led to the redefinition of
Cecabank’s businesses, some economic projections and
the deployment of a set of strategic business initiatives
to achieve the model defined.
Now, three years after the implementation of the
Strategic Plan, the majority of the objectives established
have been achieved – or nearly so, and this enables
us to start to think about the next strategic plan and
Cecabank’s future opportunities.
Building the future
Cecabank has consolidated its position as a strategic partner
which specializes in wholesale (Bank to Bank) services and plays
a major role in the Spanish financial system.
Securities
Services
Depositary
services
Custody and
Settlement
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