Banco Santander S.A. Information on EU-wide transparency exercise 2015 (9545G)

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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November 25, 2015 08:54 ET (13:54 GMT)