P.
88
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
4 | 4.2