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26

Cecabank Report 2018

About Cecabank

Strategic Plan:

2017 – 2020 evolution

2 | 2.7

Cecabank has arrived at the halfway point of the

2020 Strategic Plan

with a

firm commitment towards achieving growth through three lines of business:

1)

Securities Services,

focusing on maintaining the leading position in the

depositary business by complementing the services offering within the

value chain and driving the expansion into the Portuguese market.

2)

Treasury Management,

aimed at increasing profitability, completing the

offering with new services and maintaining its position in the Banknote

business in Spain.

3)

Banking services,

which contributes with multiple solutions to the market

in a mature business, subject to the sector’s adjustments and new players.

Its aim is to attract and build the loyalty of users, create economies of

scale that have an impact on the efficiency of clients and develop added-

value solutions that help acquire business.

In 2018 it continued implementing the defined strategy, which consisted in

strengthening

the business

of the

three main lines of action.

The Strategic Plan is at

its halfway point