Spain's central bank said Friday that it has designated Banco Santander SA (SAN.MC) as the only Spanish bank in its 2019 list of global systemically important institutions, known as G-SIIs.
Santander is already the sole Spanish bank on the list for 2017 and 2018.
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In its annual review, the central bank also said that Spain's other big banks would repeat in the list of other systemically important institutions, or O-SIIs, in 2018: BBVA SA (BBVA.MC), Caixabank SA (CABK.MC), Banco Sabadell SA (SAB.MC) and Bankia SA (BKIA.MC).
Based on a scoring system--obtained through criteria outlined by the European Central Bank--Santander will need to keep a capital buffer of 0.75% to its total exposure risk on a consolidated basis in 2018 and of 1% in 2019. BBVA will be required to keep a buffer of 0.56% in 2018 and 0.75% in 2019, while the figures for the three other banks are: 0.19% in 2018 and 0.25% in 2019.
The decisions are revised each year and the next one will come in the fourth quarter of 2018, when the G-SIIs for 2020 and the O-SIIs for 2019 will be designated, the central bank said.
Write to Alberto Delclaux at email@example.com
(END) Dow Jones Newswires
November 24, 2017 06:45 ET (11:45 GMT)