Banco Santander S.A. — Capital/Financing Update 2015

Dec 23, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 1026K

Banco Santander S.A.

23 December 2015

MATERIAL FACT

Banco Santander has received from the European Central Bank a decision regarding prudential minimum capital requirements for 2016, following the results of the Supervisory Review and Evaluation Process (SREP).

The decision requires that Banco Santander group maintains a Common Equity Tier 1 capital ratio of 9.75% on a consolidated basis. This compares to a Common Equity Tier 1 of the group for regulatory purposes of 12.39% as of September 2015.

This 9,75% capital requirement includes: the minimum Pillar 1 requirement (4,5%); the Pillar 2 requirement including the capital conservation buffer (5,0%); and the requirement from its consideration as a global systemic financial institution (0,25%).

The decision also requires that Banco Santander, S.A. maintains a Common Equity Tier 1 capital ratio of 9.50% on an individual basis. This compares with a Common Equity Tier 1 for regulatory purposes of Banco Santander, S.A. of 14.19% as of September 2015.

This 9,50% capital requirement includes: the minimum Pillar 1 requirement (4,5%), and the Pillar 2 requirement including the capital conservation buffer (5,0%).

These capital requirements do not imply any limitations referred to in Regulation (UE) nº 575/2013 to distributions in the form of dividends, variable remuneration and coupon payments to holders of AT1 instruments.

Boadilla del Monte (Madrid), December 23rd 2015

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCDXLFLELFBFBX