Integrated Corporate Report
Menu

Financial strengths

Excellent liquidity

At December 31, 2013, the Group's liquidity amounted to €60,762 million (17.9% of total assets), all of which is immediately available. Liquidity increased by €7,670 million, by optimizing liquid assets and generating organic on-balance sheet liquidity. 

In 2013, the loan-to-deposit ratio fell 18.2 percentage points to 109.9% - a reflection of a narrowing of the loan-deposit differential and an enhanced financing structure.

The success of CaixaBank's securities issues in international markets stands out in a year of difficult access to wholesale markets. In 2013, €5,344 million of issues were placed with institutional investors, primarily, outside Spain. 

 

Solid capital base

One of the bank's priorities during the year was to boost capital. In this regard, its ability to generate capital saw the core capital ratio climb by 193 basis points over the year. At December 31, the Basel II core capital ratio stood at 12.9%.

  • CaixaBank’s total eligible equity in December 2013 amounted to €18,754 million, up €113 million (+0.6%) on December 2012.
  • Risk Weighted Assets (RWA) totaled €129,110 million. The reduction during the year (of €32,090 million) was driven by lower lending activity, as well as the optimization of Group capital, including the application of internal models to portfolios assumed from Banca Cívica.

The total capital ratio stands at 14.5%, while eligible capital exceeded the minimum regulatory requirement by 81.6%, €8,425 million.

In June 2013, an agreement was reached to transpose Basel III regulations to national law. These new standards set a minimum Common Equity Tier 1 (CET1) ratio of 7% for the end of the transitional period (in 2019). At December 31, 2013, CaixaBank’s fully-loaded (i.e., without applying the transitional period) CET1 Basel III ratio was 11.7%. Including the transition period, CaixaBank’s CET1 is 11.2%.

 

 

Integrated Corporate Report
MENU

Financial strengths

Excellent liquidity

At December 31, 2013, the Group's liquidity amounted to €60,762 million (17.9% of total assets), all of which is immediately available. Liquidity increased by €7,670 million, by optimizing liquid assets and generating organic on-balance sheet liquidity. 

In 2013, the loan-to-deposit ratio fell 18.2 percentage points to 109.9% - a reflection of a narrowing of the loan-deposit differential and an enhanced financing structure.

The success of CaixaBank's securities issues in international markets stands out in a year of difficult access to wholesale markets. In 2013, €5,344 million of issues were placed with institutional investors, primarily, outside Spain. 

 

Solid capital base

One of the bank's priorities during the year was to boost capital. In this regard, its ability to generate capital saw the core capital ratio climb by 193 basis points over the year. At December 31, the Basel II core capital ratio stood at 12.9%.

  • CaixaBank’s total eligible equity in December 2013 amounted to €18,754 million, up €113 million (+0.6%) on December 2012.
  • Risk Weighted Assets (RWA) totaled €129,110 million. The reduction during the year (of €32,090 million) was driven by lower lending activity, as well as the optimization of Group capital, including the application of internal models to portfolios assumed from Banca Cívica.

The total capital ratio stands at 14.5%, while eligible capital exceeded the minimum regulatory requirement by 81.6%, €8,425 million.

In June 2013, an agreement was reached to transpose Basel III regulations to national law. These new standards set a minimum Common Equity Tier 1 (CET1) ratio of 7% for the end of the transitional period (in 2019). At December 31, 2013, CaixaBank’s fully-loaded (i.e., without applying the transitional period) CET1 Basel III ratio was 11.7%. Including the transition period, CaixaBank’s CET1 is 11.2%.