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4Q’17
BANCO SANTANDER S.A.MORTGAGE COVERED BONDSINVESTOR PRESENTATION
(“Cédulas Hipotecarias”)
22
Important information
Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in
various places throughout this presentation and include, without limitation, statements concerning our future business development and economic
performance. While these forward-looking statements represent our judgment and future expectations concerning the development of our business, a
number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These
factors include, but are not limited to: (1) general market, macro-economic, governmental and regulatory trends; (2) movements in local and international
securities markets, currency exchange rates and interest rates; (3) competitive pressures; (4) technological developments; and (5) changes in the
financial position or credit worthiness of our customers, obligors and counterparties. The risk factors that we have indicated in our past and future filings
and reports, including those with the Securities and Exchange Commission of the United States of America (the “SEC”) could adversely affect our
business and financial performance. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-
looking statements.
Forward-looking statements speak only as of the date on which they are made and are based on the knowledge, information available and views taken
on the date on which they are made; such knowledge, information and views may change at any time. Santander does not undertake any obligation to
update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
The information contained in this presentation is subject to, and must be read in conjunction with, all other publicly available information, including, where
relevant any fuller disclosure document published by Santander. Any person at any time acquiring securities must do so only on the basis of such
person's own judgment as to the merits or the suitability of the securities for its purpose and only on such information as is contained in such public
information having taken all such professional or other advice as it considers necessary or appropriate in the circumstances and not in reliance on the
information contained in the presentation. In making this presentation available, Santander gives no advice and makes no recommendation to buy, sell
or otherwise deal in shares in Santander or in any other securities or investments whatsoever.
Neither this presentation nor any of the information contained therein constitutes an offer to sell or the solicitation of an offer to buy any securities. No
offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an
exemption therefrom. Nothing contained in this presentation is intended to constitute an invitation or inducement to engage in investment activity for the
purposes of the prohibition on financial promotion in the U.K. Financial Services and Markets Act 2000.
Note: Statements as to historical performance or financial accretion are not intended to mean that future performance, share price or future earnings
(including earnings per share) for any period will necessarily match or exceed those of any prior year. Nothing in this presentation should be construed as
a profit forecast.
Content
Spanish macroeconomic environment
Santander Group
Santander Spain – Main figures
Mortgage Covered Bonds (Banco Santander S.A.)
Appendix
44
Macroeconomic environment
3.4 3.3 3.1 2.7 2.4
2015 2016 2017 (e) 2018 (e) 2019 (e)
Annual GDP Growth (%, real)
Unemployment rate (%)Inflation (annual change, %)
Interest rate (official rate, %)
0.05 0.00 0.00 0.00
0.50
2015 2016 2017 2018 (e) 2019 (e)
-0.5-0.2
2.01.7 1.7
2015 2016 2017 2018 (e) 2019 (e)
22.119.6
17.215.2 13.9
2015 2016 2017 2018 (e) 2019 (e)
The expansionary cycle in the Spanish economy is expected to continue in the coming years, with
interest rates rises not anticipated before 2019…
Source: Santander Research Department
55
Macroeconomic environment
…backed by the adjustments and the structural reforms undertaken
Source: Santander Research Department
Annual GDP Growth (%, real)
-1.7
1.4
3.4 3.3 3.1
-0.2
1.42.0 1.8
2.4
2013 2014 2015 2016 2017 (e)
Spain
Eurozone
Contribution to GDP growth(% YoY)
-4
-2
0
2
4
6
2013 2014 2015 2016 2017 (e) 2018 (e)
Net external demand Domestic demand GDP y-o-y data
Investment (exc. Construction)(% GDP)
10.0 9.7
8.28.7 9.0 8.9 9.0 9.4
9.9 10.0 10.2
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 3Q17
Housing: sales and permits(thousands of units)
30
40
50
60
70
80
90
100
250
300
350
400
450
500
550
2010 2011 2012 2013 2014 2015 2016 3Q'17
New building permits
Sales
66
Source: ECB and Bank of Spain. Other Monetary Financial Institutions.
Total banking system volumes
Loans to customers Savings
Loans to Households & Non Financial entities are decreasing at a slower pace than 2016
In savings, the flow from deposits to mutual funds continues
958 989 999
414 380 318
77 54 7088 94 80
1,537 1,517 1,467
Dec'15 Dec'16 Nov'17
Mutual
Funds 220 235 261
Public sector
in Spain
Non-monetary financial
institutions EMU
Other non-resident
sectors in Spain
Households & non-financial
entities in Spain
EUR billion EUR billionYTD
-1.1%
-1.3%
YTD
+10.7%
-3.3%
+1.0%
1,232 1,196 1,181
5561 64
90 88 79
78 65 70
1,4551,410
1,394
Dec'15 Dec'16 Nov'17
77
Spanish NPL ratios in a downward trend and in line with EU average
4.84.2
0
4
8
12
IT IE HU PL ES EU AT FR BE DK NL DE NO GB FI SE
European Banks
Total NPL ratio by country (%)
Spain
Mortgage NPL ratios (%)
Source: Bank of Spain (Sep-17) and EBA Risk Dashboard (Sep-17)
MACROECONOMIC ENVIRONMENT – CREDIT QUALITY
0
1
2
3
4
5
6
7
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
88
50
60
70
80
90
100
110
4Q01 4Q03 4Q05 4Q07 4Q09 4Q11 4Q13 4Q15
2010 2011 2012 2013 2014 2015 2016 2017*
92 7844 34 35 50 64 80
Housing starts (thousand units)
2010 2011 2012 2013 2014 2015 2016 2017*
491
349 364301
366 402458
517Finished houses:
2013: 442014: 312015: 302016: 26
Nov’17*: 36 (thousands)
Source: Ministry of Development and General Council of Notaries
Nov’17/Nov’16: +24%
Total housing sales (thousand units)
Source: Ministry of Development
3Q’17: 65
Base 100: 3Q’07 “peak”
100
Source: Ministry of Development and Bank of Spain (appraisal methodology)
3Q’17 / 3Q’16:+1%
(real terms)
Housing: Prices(price index per m2 in real terms)
* Accumulated 12 months
At an advanced stage: adjustment ended in flows and prices, started in stocks
MACROECONOMIC ENVIRONMENT - SPANISH HOUSING MARKET ADJUSTMENT
Housing: Prices (Spanish regions)
Price increases
Price decreases
Source: Ministry of Development
3Q'17 vs Minimum
Content
Spanish macroeconomic environment
Santander Group
Santander Spain – Main figures
Mortgage Covered Bonds (Banco Santander S.A.)
Appendix
1010
FY’17 FINANCIAL HIGHLIGHTS – Group including Popular2017 YoY change
Committed to generating value
for shareholders
Improved capital adequacy and
profitability
EPS €0.404; +1%
Cash DPS €0.19; +11%
FL CET1 10.84%
Underlying RoTE 11.8%
Attributable profit
€7,516 mill.; +14%(constant euros)
€6,619 mill.; +7%Strong and high quality profit growth
Underlying att. profit
Improved profitability and earnings per share together with a higher capital ratio
1111
Digital
Mobile
Individuals
Companies
+4.5 mill. +21%
+5.2 mill. +50%
+1.9 mill. +14%
+138k +10%
Loyal customers: 17.3 million
− 15.8 million individuals and 1.5 million companies
Digital customers: 25.4 million
− Of which 15.6 million mobile
NPL ratio 3.38%; -55 bps
Cost of credit 1.12%; -6 bps
Loans1 +2%
Customer funds1 +8%
More loyal and digital customers, thanks to enhanced customer experience,
drive growth in NII, fee income, volumes and credit quality
NII1
€11,308 mill.; +11%
€33,293 mill.; +7%
Fee income1
(1) % change in constant euros
FY’17 FINANCIAL HIGHLIGHTS – Group excluding Popular2017 YoY change
1212
2,582 2,6082,836 2,913
7,6327,969
8,342 8,458
Excellent P&L quality and strong top-line growth...
Net interest income 34,296 10 10
Net fees 11,597 14 13
Customer revenues 45,892 11 11
Other income 2,499 -3 -2
Gross income 48,392 10 10
Operating expenses -22,918 9 9
Net operating income 25,473 12 11
Net loan-loss provisions -9,111 -4 -6
Underlying PBT 13,550 20 21
Underlying attrib. profit 7,516 14 14
Net capital gains and provisions -897 115 117
Attributable Profit 6,619 7 7
€Mn Constant
eurosEuros
2017 % vs. 2016
1,6381,523
1,679 1,734 1,790 1,711
2,022 1,993
1,700
1,8541,909
1Q'16 2Q 3Q 4Q 1Q'17 2Q 3Q 4Q
635 535 519 560
1Q'16 2Q 3Q 4Q 1Q'17 2Q 3Q 4Q
NII
Fees
Other
Incl. Pop
Excl. Pop
Quarterly gross income performance excluding Popular(constant €Mn)
Underlying attributable profit(constant €Mn)
Note: Contribution to the SRF (net of tax) recorded in 2Q’16 and 2Q’17. Contribution to the DGF (net of tax) in 4Q’16 and 4Q’17.
1313
Individuals demand deposits, 38%
Individuals time deposits, 13%
Individuals mutual funds, 14%Consumer, 4%
SMEs, 9%
Corporates, 13%
GCB, 9%
Mature markets
Customer funds: growth in 8 core units
Dec’17 €Bn YoY change
Other individuals, 11%
Home mortgages, 36%
Consumer, 18%
SMEs, 9%
Corporates, 15%
GCB, 11%
Loan portfolio
by businessesCustomer funds
by businesses
Spain 149 -2%
UK 236 1%
USA 75 -4%
SCF 92 6%
Portugal 31 8%
Dec’17 €Bn YoY change
Developing markets
Poland 23 5%
Brazil 74 7%
Mexico 27 5%
Chile 38 3%
Argentina 8 44%
Mature markets
Dec’17 €Bn YoY change
Spain 251 12%
UK 210 3%
USA 59 -9%
SCF 35 2%
Portugal 32 2%
Dec’17 €Bn YoY change
Developing markets
Poland 28 2%
Brazil 107 24%
Mexico 36 6%
Chile 33 0%
Argentina 13 53%
Note: Loans excluding repos. Customer funds: deposits excluding repos + marketed mutual funds. % change in constant euros
2017 BALANCE SHEET – Volumes’ performance excluding Popular
Loan portfolio: growth supported by developing markets
…and highly diversified balance sheet, by geography and product
1414
Credit quality ratios NPL ratios by country
Cost of credit ratios by country
%,
Coverage ratio
73 74
71
65
NPL ratio
including Popular
11%
Coverage ratio
NPL ratio
2017Banco Popular
49%
Cost of credit
4.36
3.93
3.38
4.08
2015 2016 2017
1.251.18
1.121.07
2015 2016 2017
%
%
All asset quality ratios improved with cost of credit achieving the Investor Day goals
Dec 16 Dec 17
Spain 5.41 4.72SCF 2.68 2.50Poland 5.42 4.57Portugal 8.81 5.71United Kingdom 1.41 1.33Brazil 5.90 5.29Mexico 2.76 2.69Chile 5.05 4.96Argentina 1.49 2.50USA 2.28 2.79
Dec 16 Dec 17
Spain 0.37 0.33SCF 0.47 0.30Poland 0.70 0.62Portugal 0.18 (0.04)United Kingdom 0.02 0.08Brazil 4.89 4.36Mexico 2.86 3.08Chile 1.43 1.21Argentina 1.72 1.85USA 3.68 3.42
1515
3.03% 3.28% 3.26% 3.25% 3.06%2.76%
3.04% 2.90% 2.83%2.97%
1.02% 1.36% 1.40% 1.65%2.44%
1.69% 1.43% 1.25% 1.18% 1.07%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Profit generation supported by high capacity to absorb provisions
Predictable results with the lowest volatility amongst peers coupled with growth in earnings
Cost of credit
Pre-provision profit / loans
Profitability drivers
Note: 2017 figures include Popular
(1) Source: Bloomberg, with GAAP Criteria. Note: Standard deviation of the quarterly EPS starting from the first available data since Jan’99.
High and recurring pre-provision profit leads to predictable growth
4x6x1x2x3x2x5x1x-1x-9x1x
711% 358%
128%113%92%
78%52% 46%
9%
44% 32%
Quarterly reported EPS volatility1
Net income increase 1999-2016
EPS volatility calculated using quarterly date from Jan’99-Sep’17
1616
€ billion, Dec’17
185
21
96
132
849
154
45
778
Assets Liabilities
ST Funding
Securitisations
Equity and other
Net loans to
customers
Financial assets
Fixed assets & other
Deposits
M/LT Funding
Group
133% 126% 130%120%
Liquidity Coverage Ratio (LCR)
1
Note: Liquidity balance sheet for management purposes (net of trading derivatives and interbank balances) (1) includes Banco Popular
Liquidity Balance Sheet1
Well-funded, prudent and highly liquid balance sheet
Additionally, the Group, as well as all its main units have Net Stable Funding ratio
(NSFR) above 100%
1717
Debt outstanding by type(EUR MM; as of 31 December 2017)
Debt outstanding by issuer entity(%; as of 31 December 2017)
44,313 10,365
62,877
23,085
12,049
1,272
31%
33%
10%4%6%
5%
7%
4% Parent Co.
UK
Brazil SCF
Chile
US
Diversified funding strategy
Others
SANTANDER GROUP– FUNDING STRATEGY
Senior
40%
Subord
8%
Mortgage
Covered Bonds
29%
Preferred
7%
Senior
TLAC
15%
Others
1%
All figures including Popular
Popular
Content
Spanish macroeconomic environment
Santander Group
Santander Spain – Main figures
Mortgage Covered Bonds (Banco Santander S.A.)
Appendix
1919
Our Franchise in SPAIN – excl. Popular
The financial group includes retail networks, global businesses and specialised entities
(1) Million euros; (2) Underlying ROTE; (3) Other non-resident sector in Spain as of Nov 2017 (lastest available) excluding Popular. Including Popular: Market share Loans 18.3% and Deposits 18.9%.(4) Millions.
KEY DATA 2017 Var. YoY2017 STRATEGIC PRIORITIES
Predictable, sustainable and profitable growth
Bank of choice for SMEs and corporates
Improve efficiency and customer experience
Best bank to work for
Gross loans1 148,585
Customer funds1 251,196
Attributable profit1 1,180
ROTE2 10.11% +122 bp
Efficiency ratio 57.2% -154 bp
Loans’ market share3 12.9 +20 bp
Deposits’ market share3 14.1 +136 bp
Loyal customers4 1.9
Digital customers4 3.2
Branches 2,843
Employees 22,916
+42%
+15%
-2%
-0%
-2%
+12%
+46%
20
NII 686 -5.5 2,909 -5.5
Fee income 562 10.3 2,067 16.1
Gross income 1,368 -4.7 5,694 1.5
Operating expenses -841 3.2 -3,259 -1.1
LLPs -110 5.8 -513 -12.3
PBT 395 -14.3 1,714 17.5
Underlying att. profit 265 -14.8 1,180 15.4
Non-recurring2 0 — 0 -100.0
Attributable profit 265 -14.8 1,180 46.4
2.10% 2.04% 2.04% 1.96% 1.96%
0.47% 0.46% 0.46% 0.46% 0.48%
4Q'16 1Q'17 2Q 3Q 4Q
SPAIN – excl. Popular
Loyal customers (million) 1.3 1.9
Digital customers (million) 2.7 3.2
NPL ratio (%) 5.41 4.72
Cost of credit (%) 0.37 0.33
Efficiency ratio (%) 58.8 57.2
RoTE (%) 8.9 10.1
ACTIVITY
Cost of deposits
Yield on loans
Volumes in €Bn
Note: Loans excluding repos. Funds: deposits excluding repos + marketed mutual funds. Underlying RoTE in 2016
(1) €Mn
(2) 2016 profit included -€216Mn related to capital gains from the disposal of the stake in VISA Europe
and restructuring costs
P&L1 4Q'17 %3Q'17 2017 %2016KEY DATA 2016 2017
Building lasting relations with customers and ongoing digital transformation
Market share gain in mortgages and corporates. Leaders in mobile payments and GCB
Profit backed by fee income (more than offsets pressure on NII), cost control and LLPs. NII + Fee income:+2.4%
QoQ impacted by DGF and higher costs (POS integration perimeter and hardware depreciation)
149
251
Loans Funds
-2%YoY
+12%YoY
0%QoQ
+5%QoQ
21
41.1
11.7
5.7
29.4
6.0
Gross value
Jun’17
Blackstone
transaction
and other
Gross value
Dec’17
Provisions Net value
Dec’17
Real estate exposure1
(1) Santander Real estate Activity in Spain and Banco Popular
€Bn
Net value€Bn
Dec’17
Real estate assets 4.7
Foreclosed assets 3.5
Rental assets 1.2
RE non-performing loans (NPLs) 1.0
RE assets + RE non-performing loans 5.7
Accelerating the reduction of real estate exposure in Spain
Content
Spanish macroeconomic environment
Santander Group
Santander Spain – Main figures
Mortgage Covered Bonds (Banco Santander S.A.)
Appendix
Note: All figures excluding Popular
2323
The Mortgage Covered Bonds are direct obligations of Banco Santander S.A.
collateralised by its mortgage portfolio
Banco Santander S.A. mortgage portfolio is a low risk profile business, focused on residential and first
home financing…
…well diversified by geography and maturity and an adequate LTV
Santander mortgage covered bonds (CH) show a high overcollateralisation level…
…and have a three notches of rating uplift (i.e. Aa2 by Moody’s) compared to
Santander LT senior unsecured (A3 by Moody’s).
Santander is a relevant player in the Spanish mortgage business (Parent bank market
share ~10%), a key commercial product in our customer-focused business model
Note.- Banco Santander S.A. total mortgage portfolio: EUR 70,875 mill.
…CH represent ~29% of total funding at Santander Group. Santander is one of the top issuers in Spain
MORTGAGE COVERED BONDS (BANCO SANTANDER S.A.) - MAIN FIGURES
2424
13,442
8,528
21,970
Mortgage covered bonds description
53,173
Total cover pool
December 2017
December 2017
EUR million
Collateral description(cover pool - 100% mortgage loans)
(1) Only over mortgage covered bonds (CH) in markets. Considering 100% CH, 242% (Dec'17)(2) Eligible cover pool (Dec'17): EUR 37,416 mill.
Retained
In the market
Average loan size (€ thousand) 99.7
Number of loans (thousand) 533.4
Loan seasoning (year) 6.8
Remaining loan maturity (year) 14.3
Average cover pool LTV (%) 64
Eligible pool LTV (%) 46
Eligible portfolio NPL ratio (%) 2.6
Interest rate type 10% fixed; 90% FRN
1 2
EUR million
Maximum issuance capacity: EUR 29,933 mill.
(80% eligible cover pool portfolio(2))
Collateralisation rate(1)
Outstanding
396%
MORTGAGE COVERED BONDS (BANCO SANTANDER S.A.) - MAIN FIGURES
2525
Cover pool portfolio: EUR 53.2 billion
74%
21%
5%
66%
29%
5%
(1) Developer mortgage product. (2) Estimate from mortgages to individuals. (3) Finished and under construction buildings with residential purposes
Households
Other
business
activities
Residential3
Other
December 2017
GuaranteesSegments
Developer
activities1Land
Second
home2
97%
3%
First home2
Low risk portfolio focused on residential and first home financing...
MORTGAGE COVERED BONDS - 1) COLLATERAL DESCRIPTION (1/5)
2626
Madrid 29.7
Cataluña 17.7
Andalucia 15.2
Comunidad Valenciana 7.1
Canarias 5.2
Pais Vasco 4.0
Castilla y Leon 3.5
Castilla La Mancha 2.7
Galicia 2.7
Baleares 2.6
Aragón 2.5
Cantabria 1.9
Murcia 1.5
Extremadura 1.4
Asturias 1.3
Navarra 0.6
La Rioja 0.4
Total 100.0
Madrid
Cataluña
Castilla y León
País Vasco
Aragón, Nav., La Rioja
Cantabria, Asturias
Baleares
Galicia
ComunidadValenciana
Andalucía
Canarias
Castilla-LM, Extremadura
Murcia
Regions with unemployment rates < Spain’s average
Regions with unemployment rates > Spain’s average
67%
33%
December 2017Regions
% Back-book
... concentrated in urban areas, with lower unemployment rates …
MORTGAGE COVERED BONDS - 1) COLLATERAL DESCRIPTION (2/5)
2727
37%
37%
22%
4%
< 10 years
10-20years
20-30years
> 30 years
Distribution by maturity1 Maturity profile2,3
December 2017 EUR million
(1) Bucket “< 10 years” includes lines of credit and past due and non-performing loans undergoing legal proceedings (2) Excluding lines of credit and past due and non-performing loans undergoing legal
proceedings (3) See annex for detailed data
0
500
1,000
1,500
2,000
2,500
3,000
3,500
210020552047203920312023 Average remaining loan maturity: 14.3 years
Average loan seasoning: 6.8 years2017
… well distributed by maturity…
MORTGAGE COVERED BONDS - 1) COLLATERAL DESCRIPTION (3/5)
2828
December 2017
Cover pool portfolio
(1) Total cover pool portfolio excluding high LTV loans (residential >80% and commercial >60%, without additional guarantees); loans w/o appraised value and non-euro loans; 100% developer loans; and others
Eligible portfolio1
December 2017
0
25
50
75
100
0-20% 20-40% 40-60% 60-80% >80%
1229
3722
Outstanding by LTVinterval (%)
... and with an adequate loan to value
11
34
63
85
100
Cumulative (%)
12
41
78
100 100
Cumulative (%)
64% = LTV
(weighted average)
46% = LTV
(weighted average)
MORTGAGE COVERED BONDS - 1) COLLATERAL DESCRIPTION (4/5)
0
25
50
75
100
0-20% 20-40% 40-60% 60-80% >80%
1123 29 22 15
Outstanding by LTVinterval (%)
2929
EUR million
MORTGAGE COVERED BONDS - 1) COLLATERAL DESCRIPTION (5/5)
Maturity profile
2017 35.8 2034 2,309.1 2051 192.7
2018 964.3 2035 2,174.2 2052 310.3
2019 667.5 2036 1,931.6 2053 93.5
2020 914.8 2037 2,050.7 2054 143.8
2021 1,662.5 2038 1,038.0 2055 176.3
2022 1,645.3 2039 1,068.1 2056 151.3
2023 1,729.6 2040 1,017.9 2057 210.2
2024 2,104.4 2041 843.0 2058 3.0
2025 1,823.6 2042 1,306.4 2059 5.0
2026 1,960.6 2043 435.7 2060 0.2
2027 2,368.6 2044 876.8 2061 0.3
2028 1,892.6 2045 1,184.5 2080 0.3
2029 2,016.0 2046 1,497.0 2100 0.1
2030 1,709.4 2047 2,246.8 TOTAL 49,232.5
2031 1,732.5 2048 223.0 Matured 3,940.8
2032 2,197.5 2049 225.0
2033 1,901.3 2050 191.8
3030
% over total outstanding, December 2017
Distribution by maturity Maturity profile
December 2017
100% issued in euros Average maturity: 5.2 years
2018 2019 2020 2021 >2020
2,500
200
1,250
6,250
11,770
Retained
In the market
Average maturity ~5y due to low issuing activity in recent years
MORTGAGE COVERED BONDS - 2) DESCRIPTION
18%
28%
54%
< 2021
2018-2020
2021
Content
Spanish macroeconomic environment
Santander Group
Santander Spain – Main figures
Mortgage Covered Bonds (Banco Santander S.A.)
Appendix
3232
APPENDIX – CHARACTERISTICS OF THE MAIN EUROPEAN COVERED BOND PROGRAMMES (1/3)
3333
APPENDIX – CHARACTERISTICS OF THE MAIN EUROPEAN COVERED BOND PROGRAMMES (2/3)
3434
APPENDIX – CHARACTERISTICS OF THE MAIN EUROPEAN COVERED BOND PROGRAMMES (3/3)
3535
Spain. Covered bonds outstanding (€mn) Spain. Covered bonds issuance (€mn)
APPENDIX – SPANISH CH MARKET: VOLUMES
3636
Spain. Covered bonds outstanding by collateral, size, currency and coupon (€mn)
APPENDIX – SPANISH CH MARKET: VOLUMES
Thank you
Our purpose is to help people and
businesses prosper.
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everything we do should be