Informe_Anual_Cecabank_2016_ENG

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3. Diversification of income As a consequence of
the implementation
of the 2013-2016
Strategic Plan, Cecabank
has achieved a more
balanced mix of products
and greater recurrence,
with less dependence on
the financial margin
and greater input in fees,
which now account for
61% of income.
The gross income for the three lines of business is as follows:
Treasury Management’s contribution to the gross income has reduced
from 62 per cent in 2012 to 39 per cent at present.
A commitment to invest in the Securities Services service has meant this
line has gone from representing 9 per cent in 2012 to 35 per cent of gross
income in 2016.
Income from Banking Services has remained at 26 per cent over the four
year period.
2012 2013 2014 2015 2016
Securities
Services
Treasury
Management
Banking
Services
29% 28% 28% 25% 26%
9%
17%
26% 30%
35%
62% 55% 46% 45% 39%
61%
38%
DISTRIBUTION OF TURNOVER
BY LINE OF BUSINESS
% on Gross Income
Page. 17 Cecabank 2016 Annual Report
1.1
1.2
1.3
01 2013-2016 STRATEGIC PLAN