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Page. 53

Cecabank

2015 Annual Report

The major efforts made to rationalize computing activity

resources and costs in previous years have produced a

significant improvement in efficiency, which enabled us

to drop tariffs for our customer entities. These reductions

have become a constant target for the future.

Moreover, we worked on new models of support services

for entities in the development of their business, and on

designing a new multipurpose payment model based on

mobile devices for P2P. We also managed to continue

to export our technology advisory services for EMV,

contactless and HCE to the Latin American market.

Lastly, in collaboration with EURO 6000, a tokenization

platform was developed for payment with mobile

devices in contactless mode, which is fully functioning,

along with the MasterPass interface for payment

through online wallets.

Main figures

December 2015

Transactions processed

598

million

With total average daily amounts settled

107

million euros

The network processes

Euro 6,000

Cards processed per year

10

million

Availability of the processing system of

99.9999

%

We have formed part of the

Association of Latin

American Means of

Payment Networks

since July 2015

1. Strategic lines |

Economic and regulatory enviroment |

Building the future

|

Business lines 2. Financial information

|

Activity |

Income Statement | Capital base |

Ratings 3. Business risk |

The risk function at Cecabank

03 Our Business Model