Analisis De Los Bancos Españoles

Results of the 2011 EBA EU-wide stress test: Summary

(1-3)

Name of the bank: BANCO SANTANDER S.A.
Actual results at 31 December 2010
Operating profit before impairments
Impairment losses on financial and non-financial assets in the banking book
(4)

Risk weighted assets
(4)
Core Tier 1 capital
(4)
Core Tier 1 capital ratio, %
Additional capital needed to reach a 5 % Core Tier 1capital benchmark

million EUR, %
23.624
-10.466
594.284
41.998
7,1%

Outcomes of the adverse scenario at 31 December 2012, excluding all mitigating actions
taken in 2011
Core Tier 1 Capital ratio

8,4%

Outcomes of the adverse scenario at 31 December 2012, including recognised mitigating
measures as of 30 April 2011

million EUR, %

%

2 yr cumulative operating profit beforeimpairments

43.694

2 yr cumulative impairment losses on financial and non-financial assets in the banking book
2 yr cumulative losses from the stress in the trading book
of which valuation losses due to sovereign shock

-29.773

Risk weighted assets
Core Tier 1 Capital
Core Tier 1 Capital ratio (%)
Additional capital needed to reach a 5 % Core Tier 1 capital benchmark

650.97954.364
8,4%

Effects from the recognised mitigating measures put in place until 30 April 2011 (5)
Equity raisings announced and fully committed between 31 December 2010 and 30 April 2011
(CT1 million EUR)

-1.717
-204

0

Effect of government support publicly announced and fully committed in period from 31
December 2010 to 30 April 2011 on Core Tier 1 capital ratio (percentage points ofCT1 ratio)

0,0

Effect of mandatory restructuring plans, publicly announced and fully committed in period from
31 December 2010 to 30 April 2011 on Core Tier 1 capital ratio (percentage points of CT1 ratio)

0,0

Additional taken or planned mitigating measures
Use of provisions and/or other reserves (including release of countercyclical provisions)
Divestments and other managementactions taken by 30 April 2011
Other disinvestments and restructuring measures, including also future mandatory restructuring
not yet approved with the EU Commission under the EU State Aid rules
Future planned issuances of common equity instruments (private issuances)
Future planned government subscriptions of capital instruments (including hybrids)
Other (existing and future) instrumentsrecognised as appropriate back-stop measures by
national supervisory authorities
Supervisory recognised capital ratio after all current and future mitigating actions as of 31
December 2012, % (6)

percentage points contributing
to capital ratio
0,5
0,0
0,0
0,0
0,0
0,0
8,9%

Notes
(1) The stress test was carried using the EBA common methodology, which includes a static balance sheetassumption and
incorporates regulatory transitional floors, where binding (see http://www.eba.europa.eu/EU-wide-stress-testing/2011.aspx for
the details on the EBA methodology).
(2) All capital elements and ratios are presented in accordance with the EBA definition of Core Tier 1 capital set up for the
purposes of the EU-wide stress test, and therefore may differ from the definitions used bynational supervisory authorities and/or
reported by institutions in public disclosures.
(3) Neither baseline scenario nor the adverse scenario and results of the stress test should in any way be construed as a bank's
forecast or directly compared to bank's other published information.
(4) Full static balance sheet assumption excluding any mitigating management actions, mandatory restructuring orcapital
raisings post 31 December 2010 (all government support measures and capital raisings fully paid in before 31 December 2010
are included).
(5) Effects of capital raisings, government support and mandatory restructuring plans publicly announced and fully committed in
period from 31 December 2010 to 30 April 2011, which are incorporated in the Core Tier 1 capital ratio reported as the...