Banco Santander S.A. Information on EU-wide transparency exercise 2015 (9545G)
November 25 2015 - 8:54AM
UK Regulatory
TIDMBNC
RNS Number : 9545G
Banco Santander S.A.
25 November 2015
MATERIAL FACT
With regards to the "EU-wide transparency exercise" published
yesterday on the European Banking Association's (EBA) website,
Santander announces that the June 2015 fully loaded CET1 ratio
appearing in this publication (7.94%) is incorrect. The EBA has
pointed out this error, which affects various banks, and has
removed such data from its website.
Banco Santander confirms that, in accordance with the
information that it has published in the market, its June 2015
fully loaded CET1 ratio is 9.83%.
The following is the transcription of the public statement
issued by the EBA regarding the revision of this information:
"Correction statement on 2015 EU-wide transparency data
25 November 2015
The transparency exercise data published by the European Banking
Authority (EBA) on 24 November 2015 contained information regarding
the 'fully loaded' CET1 ratio' for all EU banks in the sample. This
ratio, which was published for information only, is calculated
using existing supervisory reporting data. The EBA has been alerted
that there was an error in the published 'fully loaded CET1 ratio'
for some banks due to double counting of excess deductions from AT1
capital. The 'fully loaded CET1 ratio' for all individual banks
published by the EBA has, therefore, been removed from the
interactive tool on the website. The aggregate figures in the EBA's
report will be updated accordingly."
Boadilla del Monte, Madrid, 25 November 2015
This information is provided by RNS
The company news service from the London Stock Exchange
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