MEMORIA_A4-CECABANK

Cecabank Report 2018

Our business model

N estro model negocio

•

The

brokerage business

has significantly increased, which provides

further stability and recurrent revenues and commissions.

•

We have consolidated the solvency perception that the market,

counterparties and other economic agents have of Cecabank. This

is represented in the stability of the

ratings provided by the rating

agencies

, which have maintained the levels of Cecabank following the

rises in recent years. This has positioned the institution at the forefront of

Spanish banks.

•

Cecabank is the only market member appointed by BME Clearing as a

provider of securities to repurchase write-offs in 2018.

Execution of equities

The service provided by the equity execution desk to institutional clients and

covers the main European, American and Asian markets, supported by the

relationships with brokers offering 24-hour coverage.

Debt Capital Markets (DCM)

As part of the creation and access to the primary markets, we have

participated in the granting of finance to large companies, and we have

supported the refinancing processes of several Autonomous Regions, with

which we have carried out short- and long-term bilateral transactions.

Banknotes

Cecabank is the market leader of wholesale foreign banknotes in Spain,

and we provide services to almost all the country's financial institutions.

The bank has a wealth of experience in securities logistics and

transportation, at both a national and international level. Thanks to our

logistics structure and economies of scale, we can offer clients a highly

flexible, top quality service adapted to their every need.

Over the course of 2018, Cecabank received over 2,500 foreign banknote

purchase and sale transactions per day and carried out the whole process of

transport, handling and insurance.

The bank's clients have total flexibility for requesting any type of service

and can even ask Cecabank to directly deliver banknotes to their branch

network or to take them away, with the corresponding cost saving and

improvement in the quality of service. Over 15,000 bank branches are

currently served directly by Cecabank in this way.

Cecabank's solvency is perceived

by the stakeholders

We have supported the

refinancing processes of

several Autonomous Regions

The bank has a wealth of

experience in securities logistics

and transportation, at both a

national and international level

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