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Page. 39

Cecabank

2015 Annual Report

In 2015, the growth of the business outstripped the

estimates in the Strategic Plan.

Cecabank continues to explore and diversify treasury

management clients. New operations were conducted

with Public Administrations and the business with

corporates is growing, thus increasing the variety of

transactions. Currency transactions were favoured by

the increase in tourism and the depreciation of the euro.

New clients are being captured from traditional sectors

and others.

The Treasury Platform is fulfilling the implementation

plan for

ICO

(official credit institute) projects, and is adding

clients from other entities in the sector.

Treasury

Management

Treasury

Management

Banknotes

1

2

3

Treasury and

Risk Support

The economic recovery is being reflected in the rise on

consumer indicators, and this is also reflected in the

payments and business processes activity.

Banking

Services

Means of

payment

Payment and

clearing systems

Business

intelligence

and new

channels

Financial

reporting

Regulatory

consulting

International

business

Bank Training

School

1

2

3

4

5

6

7

In the past three years, improved efficiency has

strengthened relations with clients and has led to

greater diversification.

1. Strategic lines | Economic and regulatory enviroment | Building the future | Business lines 2. Financial information | Activity |

I

ncome Statement | Capital base | Ratings 3. Business risk | The risk function at Cecabank

03 Our Business Model