23rd Jul 2010 17:25
MATERIAL FACT
Banco Santander hereby announces that the stress tests carried out by the Committee of European Banking Supervisors and the Bank of Spain show that Banco Santander capital ratios would remain steady under the most adverse scenario considered.
In the worst scenario, Banco Santander's Tier 1 capital would remain at 10% - the same as at the end of 2009 - among the highest in European and world banking.
Furthermore, the bank would continue to generate profits, build capital and continue its payout policy distributing among shareholders about 50% of ordinary earnings.
Attached tables with the results.
Boadilla del Monte (Madrid), July 23, 2010
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Template for bank specific publication of the stress test outputs |
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Name of bank: GRUPO SANTANDER |
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Actual results |
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At December 31, 2009 |
mln euro |
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Total Tier 1 capital |
56.005 |
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Total regulatory capital |
80.720 |
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Total risk weighted assets |
562.616 |
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Pre-impairment income (including operating expenses) |
22.960 |
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Impairment losses on financial assets in the banking book |
-9.978 |
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1 yr Loss rate on Corporate exposures (%)1 |
0,9% |
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1 yr Loss rate on Retail exposures (%)1 |
1,4% |
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Tier 1 ratio (%) |
10,0 % |
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Outcomes of stress test scenarios |
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The stress test was carried out under a number of key common simplifying assumptions (e.g. constant balance sheet, uniform treatment of securitisation exposures). Therefore, the information relative to the benchmark scenarios is provided only for comparison purposes. Neither the benchmark scenario nor the adverse scenario should in any way be construed as a forecast. |
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Benchmark scenario at December 31, 20112 |
mln euro |
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Total Tier 1 capital after the benchmark scenario |
63.869 |
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Total regulatory capital after the benchmark scenario |
83.998 |
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Total risk weighted assets after the benchmark scenario |
579.621 |
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Tier 1 ratio (%) after the benchmark scenario |
11,0 % |
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Adverse scenario at December 31, 20112 |
mln euro |
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Total Tier 1 capital after the adverse scenario |
59.473 |
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Total regulatory capital after the adverse scenario |
78.914 |
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Total risk weighted assets after the adverse scenario |
585.346 |
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2 yr cumulative pre-impairment income after the adverse scenario (including operating expenses)2 |
45.737 |
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2 yr cumulative impairment losses on financial assets in the banking book after the adverse scenario2 |
-27.851 |
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2 yr cumulative losses on the trading book after the adverse scenario2 |
-308 |
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2 yr Loss rate on Corporate exposures (%) after the adverse scenario1, 2 |
2,4% |
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2 yr Loss rate on Retail exposures (%) after the adverse scenario1, 2 |
3,6% |
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Tier 1 ratio (%) after the adverse scenario |
10,2 % |
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Additional sovereign shock on the adverse scenario at December 31, 2011 |
mln euro |
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Additional impairment losses on the banking book after the sovereign shock2 |
-2.255 |
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Additional losses on sovereign exposures in the trading book after the sovereign shock2 |
-907 |
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2 yr Loss rate on Corporate exposures (%) after the adverse scenario and sovereign shock1, 2, 3 |
2,7% |
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2 yr Loss rate on Retail exposures (%) after the adverse scenario and sovereign shock1, 2, 3 |
3,9% |
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Tier 1 ratio (%) after the adverse scenario and sovereign shock |
10,0 % |
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Additional capital needed to reach a 6 % Tier 1 ratio under the adverse scenario + additional sovereign shock, at the end of 2011 |
- |
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1. Impairment losses as a % of corporate/retail exposures in AFS, HTM, and loans and receivables portfolios |
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2. Cumulative for 2010 and 2011 |
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3. On the basis of losses estimated under both the adverse scenario and the additional sovereign shock |
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Pruebas de resistencia 2010-2011 |
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GRUPO SANTANDER |
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Escenario tensionado de referencia |
Escenario tensionado adverso |
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mill. € |
% activos |
mill. € |
% activos |
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BLOQUE A Deterioro bruto acumulado 2010-2011 |
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Activos crediticios1 |
-39.294 |
-4,0% |
-44.180 |
-4,5% |
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Instituciones financieras |
-788 |
-0,7% |
-848 |
-0,9% |
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Empresas |
-5.594 |
-2,6% |
-6.679 |
-3,1% |
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Promotores y adjudicados |
-5.197 |
-13,6% |
-5.819 |
-15,2% |
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Pymes |
-4.698 |
-5,9% |
-5.404 |
-6,7% |
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Hipotecas |
-3.632 |
-1,2% |
-3.911 |
-1,3% |
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Resto minorista |
-19.385 |
-12,7% |
-21.519 |
-14,1% |
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Impacto riesgo soberano y otros2 |
-1.562 |
-0,2% |
-6.108 |
-0,6% |
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DETERIORO BRUTO |
-40.856 |
-4,1% |
-50.288 |
-5,1% |
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1 Incluye inversión crediticia, renta fija distinta a negociación y participaciones permanentes |
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2 En otros se incluye cartera de negociación y renta variable disponible para la venta |
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BLOQUE B Recursos disponibles acumulado 2010-2011 |
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PROVISIONES |
Específicas |
14.052 |
1,4% |
14.052 |
1,4% |
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Genéricas |
6.727 |
0,7% |
6.727 |
0,7% |
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MARGEN DE EXPLOTACIÓN Y PLUSVALÍAS |
49.196 |
5,0% |
43.599 |
4,4% |
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EFECTO IMPOSITIVO |
-6.701 |
-0,7% |
-3.114 |
-0,3% |
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SUPERÁVIT |
22.419 |
2,3% |
10.976 |
1,1% |
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BLOQUE C Impacto sobre los recursos propios Tier 1 |
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Escenario tensionado de referencia |
Escenario tensionado adverso |
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SITUACIÓN INICIAL 2009 |
mill. € |
% APR 2009 |
mill. € |
% APR 2009 |
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Tier 1 dic 2009 |
56.005 |
10,0% |
56.005 |
10,0% |
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SITUACIÓN FINAL 2011 |
mill. € |
% APR 2011 |
mill. € |
% APR 2011 |
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Superávit |
22.419 |
3,9% |
10.976 |
1,9% |
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Dividendos, v. razonable fusiones y otros |
-14.555 |
-2,5% |
-8.730 |
-1,5% |
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Tier 1 dic 2011 sin FROB |
63.869 |
11,0% |
58.251 |
10,0% |
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FROB comprometido |
0 |
0,0% |
0 |
0,0% |
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Tier 1 dic 2011 |
63.869 |
11,0% |
58.251 |
10,0% |
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Capital adicional para Tier1 6% |
0 |
0,0% |
0 |
0,0% |
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PROMEMORIA Ayudas |
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Escenario tensionado de referencia |
Escenario tensionado adverso |
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Ayudas FGD |
0 |
0 |
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FROB comprometido |
0 |
0 |
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Capital adicional para Tier1 6% |
0 |
0 |
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TOTAL |
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0 |
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Exposures to central and local governments |
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Banking group's exposure on a consolidated basis |
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Amount in million reporting currency |
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Name of bank |
GRUPO SANTANDER |
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Reporting date |
31-mar-10 |
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Gross exposures (net of impairment) |
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Net exposures (net of impairment) |
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of which Banking book |
of which Trading book |
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Austria |
264 |
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242 |
242 |
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Belgium |
250 |
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84 |
84 |
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Bulgaria |
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-10 |
-10 |
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Cyprus |
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Czech Republic |
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Denmark |
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-2 |
-2 |
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Estonia |
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Finland |
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-2 |
-2 |
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France |
1.826 |
1.081 |
478 |
1.559 |
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Germany |
1.524 |
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-461 |
-461 |
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Greece |
513 |
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300 |
300 |
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Hungary |
40 |
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0 |
0 |
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Iceland |
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Ireland |
16 |
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9 |
9 |
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Italy |
1.184 |
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433 |
433 |
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Latvia |
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Liechtenstein |
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Lithuania |
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Luxembourg |
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Malta |
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Netherlands |
691 |
3 |
403 |
406 |
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Norway |
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-2 |
-2 |
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Poland |
31 |
4 |
0 |
4 |
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Portugal |
5.118 |
3.658 |
1.206 |
4.864 |
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Romania |
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Slovakia |
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Slovenia |
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Spain |
50.642 |
40.787 |
7.715 |
48.502 |
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Sweden |
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-2 |
-2 |
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United Kingdom |
4.561 |
1.003 |
3.410 |
4.413 |
Related Shares:
Banco Santander