Santander : For a year of capital generation…
>Convincing operating performance, but capital a cause for concern - An FL CET1 ratio of 12% by 2023 after the impact of Basel IV, which is estimated to be shy of 100bp (expected at 60-70bp after mitigation measures), seems achievable, provided that organic capital generation comes to around 50bp per year (Oddo BHF est. CET1 FL 11.9% in 2021). But the market is not convinced, particularly when comparing Santander to its peers. However, although the group’s capacity o...Banco Santander is a holding company, providing a range of financial products. Co.'s products and services include: retail banking business that covers all customer banking businesses; wholesale banking business; as well as asset management and insurance business. Co.'s principal operations are in Spain, the U.K., Portugal, Germany, Italy and Latin America. As of Dec 31 2014, Co.'s total assets amounted to Euro1,266,296,000,000 and total customer deposits amounted to Euro647,627,000,000.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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