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49

Cecabank is the market leader

in Spain for wholesale foreign

banknotes and provides a

service to almost all the country’s

financial institutions.

Cecabank has extensive experience

in national and international

secure transport and logistics. The

logistic structure in place allows it

to offer clients a top quality service

with total flexibility to adapt to

each specific need.

Activity during the year

In 2014 Cecabank handled over

2,000 foreign banknote sale/

purchase transactions a day,

taking charge of the end-to-end

transport, handling and

insurance process.

Our clients have full flexibility to

request any level of service, and

can even entrust Cecabank with

withdrawals and deliveries directly

to and from their branch network,

with the attendant cost savings

and service quality improvements.

Cecabank currently caters to

over 15,000 bank branches under

these arrangements.

Key data for 2014

The Spanish market leader for

wholesale foreign banknotes.

Purchase and sale of

foreign banknotes

+2,000

transactions a day

Bank branches

+15,000

served

directly by Cecabank

Treasury management

Banknotes

Our Business Model 00 Strategic lines | Economic and regulatory context | Strengthening our model

|

Business lines 01 Financial information | Profit & loss | Activity

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Capital base | Ratings 02 Risk management | The Cecabank risk function Annual Report 2014