CaixaBank approaches MREL target

Innovative social bond helps fill bail-in buffers

Spanish lender CaixaBank’s stock of bail-in debt and capital as a percentage of risk-weighted assets (RWAs) hit 21.4% at end-September, just 110 basis points shy of its 22.5% target.

This is up from 21.2% in Q2 and just 16% the same quarter a year ago. The ratio has improved 132bp year-to-date. 

The bank issued a €1 billion ($1.1 billion) so-called ‘social bond’ in September, to fund loans “to fight poverty, advocate dignified employment and create jobs in disadvantaged areas of Spain”. This

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here