Informe_Anual_Cecabank_2016_ENG

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SOLVENCIA
31.87%
In terms of solvency, in 2012 Cecabank had a solvency level of 18.4 per cent
in 2012, which has continued to strengthen in the four years under the Plan,
with Common Equity Tier 1 capital (CET1) standing at 31.9 per cent in De-
cember 2016.
This represents an increase of 13.5 percentage points in comparison with the
levels registered at the start of the Strategic Plan, and is significantly higher
than the financial sector average (12.9 per cent) but similar to companies in
similar businesses.
2012 2013 2014 2015 2016
RATING
2012 2013 2016
Ba1 Ba3 Baa2 Moody’s
BBB- BBB- BBB- Fitch
BB+ BB+ BBB S&P
10.00%*
11.90%*
11.82% 12.66%
18.36%
24.71%
26.53% 25.33%
12.96%**
31.87%
The development
of credit ratings
has been particularly
favourable.
* Up to 2013 it is the basic
solvency rate, calculated by
the Bank of Spain
** 3Q16
Cecabank
Spanish financial system
Page. 14 Cecabank 2016 Annual Report
1.1
1.
1.
01 2013-2016 STRATEGIC PLAN