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2018 Pillar 3 Disclosures
Capital
Cecabank is also subject to a “capital conservation buffer” of 2.5% of CET1 for 2019. Taking
this buffer into account, along with the Bank of Spain’s decision on capital mentioned in the
previous paragraph, the excess of capital, on top of the actual requirement, stands at 181% at
the close of the year.
For 2018 there are no additional requirements due to the application of the countercyclical buffer
since Cecabank’s relevant exposures are in geographic locations weighted at 0% (as is the case
of Spain, where the majority of the exposure is located, as set out in section 4.2), or those in
geographic locations with a weighting other than 0% have zero consumption.
The result of the internal capital adequacy assessment is aligned with the supervisor’s assessment
and, as a result, the levels of coverage of these requirements are similar.
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