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Page. 45

Cecabank

2015 Annual Report

Manager of the Sales Department

Jose Luis Rebollo Palomero

View interview online

Securities Services

Interview

Spanish Securities Market Reform

The reform

is a change,

and as such, it

brings business

opportunities

with it

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

t

| Capital base

| Ratings 3. Business risk | The risk function at Cecabank

03 Our Business Model