Cecabank maintains the leadership in Securities Services, closing 2024 with more than 351,300 million euros in low assets custody and a deposited assets higher than 255,600 million euros
The bank reaches a solvency rate CET1 of 42.78%, between the highest ones of the Spanish financial system
Cecabank, award winner as better bank guard of Spain also in 2025
Cecabank, Spanish wholesale bank that offers services specialised in securities, treasury and payments, has closed the financial year 2024 with a net result of 86.7 million euros, which means an increase of 18.9% when dealing with the year 2023 (13.8 more million euros).
The financial margin has shown an excellent behaviour in 2024, with a growth that it has happened of 121 million euros to 143 million euros. Between the factors that they allow promote this growth emphasise, among others, a great interests accrued interest of the stable portfolio of the company, a great repos volume and simultaneous after the reactivation of this operations in mid 2023 and a great securities lending volume with venture capital funds.
The incomes for fees and other operations net produces arrive at its all-time high when situating in 252 million euros thanks to the advance and consolidation of the leading position of the line of Securities Services in Spain with a deposited assets higher than the 255,600 million euros and some balances guarded higher than the 351,300 million euros.
The favourable evolution of the financial margin and of the fees in 2024 has raised the gross income until the 347 million euros.
For the side of the operational costs, the staff costs register a motivated increase for the plan of desvinculaciones and the Collective Agreement that it has entered vigor in 2024.
Other expenses' departure of administration has been raised with respect to a year ago because of certain projects' boost of the Plan of Technology focused on strengthening the level of ciber resilience of the company.
Once discounted the repayment and the provisions, the depreciation of assets and the cancellation of assets, in 2024 reached a pre-tax result is had of 120 million euros, the best result of this institution in all its history.
Cecabank maintains also one of the higher solvency rates of our country's financial system. Specifically, at the close of the financial year 2024, the ratio CET1 was placed at 42.78%, considerably higher than the legal requirements.
Cecabank, a success model in wholesale banking B2B
Last year, Cecabank closed its Strategic Plan 2022-2024 fulfilling the set non-financial and financial objectives three years ago. Between the major reasons, an excellent internal management of the different business units and of support of the bank together with an economic favourable environment. Throughout this strategic cycle, Cecabank consolidated its growth, implementing various initiatives that have strengthened its presence on the market and consolidating its financial and technological services position as supplier in Spain.
The Strategic Plan 2022-2024 bet for the development of a model of business sinérgico that integrates the services of securities, treasury and payments to credit institutions, collective investment institution' management companies, companies of venture capital, insurance companies and companies of investment services, among others. Similarly, the bank is had leaned on an ambitious talent strategy, the Plan Crece+, that has boosted the adjustment and renewal of the internal talent, a Plan of Technology, that continues transforming its systems to improve the efficiency and resilience, and a Plan of Sustainability, that it has allowed deepening in the integration of aspects ESG (in Spanish, environmental criteria, social and of governance) in the strategy of the bank.
The combination of these services provides to Cecabank of a high capacity of anticipation and adjustment to the market changes, allowing giving a rapid response and effective to new opportunities and challenges, at the same time that offer to the most complete clients solutions and adapted to its specificities. In addition, the expert knowledge of Cecabank in different areas sinérgicas drives its position and it allows developing an all-inclusive offer of services, optimise resources and improve the operational efficiency. All in all, Cecabank is distinguished for a model unique in wholesale banking B2B, concentrating on offer competitive and high quality specialised financial services in an environment in constant change.
Cecabank, better bank guard of Spain also in 2025
The Overall special interest magazine Banking and Finance Review has re-elected to Cecabank as better bank guard of Spain for the ninth consecutive year. This distinction, that possesses a major recognition within the international financial sector, reflects the leadership of the company in the industry of the post-trading, as well as the deposited confidence for its clients in the activities of depositary of saving and investment vehicles and securities settlement and custody.
Between the reasons to reach this distinction, its specialisation high degree in Securities Services and its high solvency.
