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ECB lets Santander apply its own capital calculation model for Brazil

TOPICS:
santander brasil

Posted By: The Corner 17th March 2016

Link Securities | The European Central Bank (ECB) has allowed Banco Santander to apply its own capital calculation model for its Brazilian subsidiary. The approval arrived seven days after Santander presented its 2015 results, so they don’t reflect the effect of the new measure.

This will have an impact of 14 basis points on the bank’s CET1 fully-loaded ratio, which will now stand at around 10.19% compared to 10.05% in 2015.

We recall that Santander’s chairperson, Ana Botín, has comitted to reaching over 11% by end-2018.

 

 

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.