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Cecabank Report 2018
Corporate Culture
The main advances in each of the lines of business are as follows:
1) Securities Services:
•
In spite of a deceleration in the growth of off-balance-sheet net worth and
the reduction of fees and commissions, we have maintained the net worth
and deposited funds.
December 2018
Number of Funds Net Worth (M euros)
UCITs
454
71,876
FPs-EPSVs
439
35,690
ECR
1
4
TOTAL
894
107,570
•
The launching of new services, such as the Global Securities Solution,
involved the creation of ecosystems by entering agreements with market
leading entities.
•
The Robotics project has enabled implementing automation actions,
achieving significant economies of scale and operating efficiencies that
have led to improving the quality of the service provided to clients.
Particular focus on
diversification and
innovation
Boost in cross-
selling
2) Treasury:
•
The net interest margin
has been seen impacted by the markets’ high
volatility as a result of the uncertainty stemming from various geopolitical
risks, the evolution of the interest rates and some macroeconomic
indicators.
•
The delay in publishing the required regulation, such as the MiFID II or
Securities lending, has slowed down some initiatives.
•
The incorporation of new solutions into the services portfolio, such as the
Bonds platform and the FX Sharing Service, among others.
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