1 CaixaBank – Covered Bond Programme CB Collateral by Type Mortgage Covered Bond Programme as of September 2012 Mortgage Covered Bond Issues: Maturity Profile (1) Source: CaixaBank Data in million € 63% 29% 8% Residencial Comercial Public Sector 2.099 4.784 6.947 5.240 6.809 5.167 3.151 2.624 329 3.317 1.387 500 2.476 550 0 450 197 90 20 410 1.016 418 1.110 23 1.729 2.270 2.530 3.500 533 2.030 4.000 3.500 2.353 4.250 10 0 0 1.000 2.000 3.000 4.000 5.000 6.000 7.000 8.000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2031 2037 2038 2048 Public Issues Retained Issues (1) Includes Multiname Covered Issuance Mortgages Public Sector Total Collateral for Covered Bonds 146,146 12,883 Elligible Portfolio 105,594 12,883 Cédulas Hipotecarias Cédulas Territoriales Used Collateral 100,710 10,000 Covered Bond Issued Amount 80,568 7,000 Over Collaterization 181% 184% Available Collateral 4,884 2,883 REMAINING ISSUING CAPACITY (*) 3,907 2,018 Mn € (*) Issuing Capacity= 80% of Collateral Available for C. Hipotecarias Data in Million € 5,925 Available Issuing Capacity 87,6 € bn 93,5 € bn 118,5 € bn 159€ bn 40.6 € bn Outstanding CBs Max. CB Issuance Elegible vs non- elegible Total Collateral (Mortgages+Public Sector) 5,9 Bn € Remaining Issuing Capacity
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1
CaixaBank – Covered Bond Programme
CB Collateral by Type Mo
rtg
ag
e C
overe
d B
on
d P
rog
ram
me
as of September 2012
Mortgage Covered Bond Issues: Maturity Profile (1)
Source: CaixaBank
Data in million €
63%
29%
8%
Residencial Comercial Public Sector
2.099
4.784
6.947
5.240
6.809
5.167
3.151
2.624
329
3.317
1.387
500
2.476
5500
450197
90 20
410
1.016
418
1.110
23 1.729
2.270
2.5303.500
533
2.030
4.000
3.500
2.353
4.250
100
0
1.000
2.000
3.000
4.000
5.000
6.000
7.000
8.000
20
12
20
13
20
14
20
15
20
16
20
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20
18
20
19
20
20
20
21
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24
20
25
20
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20
27
20
28
20
31
20
37
20
38
20
48
Public Issues Retained Issues (1) Includes Multiname Covered Issuance
Mortgages Public Sector
Total Collateral for Covered Bonds 146,146 12,883 Elligible Portfolio 105,594 12,883
Cédulas
Hipotecarias
Cédulas
Territoriales
Used Collateral 100,710 10,000 Covered Bond Issued Amount 80,568 7,000
Over Collaterization 181% 184%
Available Collateral 4,884 2,883
REMAINING ISSUING CAPACITY (*) 3,907 2,018 Mn €
(*) Issuing Capacity= 80% of Collateral Available for C. Hipotecarias
Data in Million €
5,925 Available Issuing Capacity
87,6 € bn
93,5 € bn
118,5 € bn
159€bn
40.6 € bn
Outstanding CBs
Max. CB Issuance
Elegible vs non-elegible
Total Collateral (Mortgages+Public
Sector)
5,9 Bn €Remaining
Issuing Capacity
2
CaixaBank – Covered Bond Programme
Mo
rtg
ag
e C
overe
d B
on
d P
rog
ram
me
as of September 2012
Source: CaixaBank
Solid levels of Over Collaterization Two remarkable facts in 2012:
•Q2: Generation of additional collateral for the ECB credit facility to anticipate any potential deterioration in markets
•Q3: Integration of Banca Cívica
Mortgage Covered Bonds – OC Evolution
3
1. Residential Assets. Collateral
Mo
rtg
ag
e C
overe
d B
on
d P
rog
ram
me
(1) Data of foreclosures not available for loans granted in Cajasol and CAN branches
as of September 2012
Cover Pool Description
Total Mortgage Loans (ex securitization) (€ k) 99,990,445 Floating Rate loan Interest Rate type: 99.4%
Number of loans 1,242,006 WA Interest Rate (Floating Rate loans) 3.00%
Average Loan balance (€) 80,507 WA Interest Rate (Fixed Rate loans) 5.29%
Number of Borrowers 1,273,928
Number of properties 1,343,170
WA Seasoning in months 72 6 yrs
WA Remaining term in months 270 22.5 yrs Expected average life based on internal statistics: 12yrs
Avg LTV (%) 45.97%
WA LTV (%) 58.05%
Source: CaixaBank
Portfolio Breakdown
Ranges
Total Loan Balance
(ex sec) €k %
0-≤40% 19,301,491 19%
>40%-≤50% 12,702,479 13%
>50%-≤60% 16,964,190 17%
>60%-≤70% 21,993,698 22%
>70%-≤80% 18,811,969 19%
>80%-≤85% 3,315,691 3%
>85%-≤90% 2,998,746 3%
>90%-≤95% 2,159,661 2%
>95%-≤100% 844,762 1%
>100%-≤105% 287,275 0%
>105% 610,481 1%
99,990,445
Seasoning (months) € k %
< 12 3,964,503 4%
≥12-<24 7,013,935 7%
≥24-<36 7,262,039 7%
≥36-<60 15,949,052 16%
≥60 65,800,917 66%
Total: 99,990,445
Loans in Arreas (1)
<2m 8.55%
≥ 2m - <6m 1.11%
≥ 6m - <12m 0.58%
≥12m 0.52%
in foreclosure (1)
1.37%
Balance per LTV-band
4%
7%
7%
16%
66%
< 12
≥12-<24
≥24-<36
≥36-<60
≥60
Seasoning
19%
13%
17%
22%19%
3% 3%2%
1% 0% 1%0%
5%
10%
15%
20%
25%
90% of the loans with LTV < 80%
4
Residential Assets. Collateral
Mo
rtg
ag
e C
overe
d B
on
d P
rog
ram
me
Source: CaixaBank
as of September 2012
Specific Loan and Borrower characteristics
Property type € k %
First Home 89,211,614 89.2%
Second Home 7,898,944 7.9%
Not Owner occupied 1,288,435 1.3%
Other 1,591,452 1.6%
Total: 99,990,445
Loan Purpose € k %
Adquisition 77,143,286 77.2%
Loan Increment 3,772,542 3.8%
Rehabilitation 6,083,974 6.1%
New construction 6,681,374 6.7%
Other 6,309,268 6.3%
Total: 99,990,445
Specific Loan and Borrower characteristics
77.2%
3.8% 6.1% 6.7% 6.3%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
Adquisition Loan Increment Rehabilitation New construction Other
89.2%
7.9%1.3% 1.6%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
First Home Second Home Not Owner occupied Other
Regional Distribution
€ k %
Catalonia 29,226,853 29.2%
Andalusia 18,130,964 18.1%
Madrid 13,332,600 13.3%
Canary Islands 6,754,550 6.8%
Valencia 5,752,875 5.8%
Castile León 4,234,677 4.2%
Balearic Islands 3,851,044 3.9%
Castile La Mancha 3,418,764 3.4%
Navarra 3,367,506 3.4%
Basque Country 2,815,548 2.8%
Murcia 2,136,798 2.1%
Galicia 2,119,544 2.1%
Aragon 1,558,438 1.6%
Cantabria 943,522 0.9%
Extremadura 863,804 0.9%
Asturias 823,527 0.8%
La Rioja 546,987 0.5%
Ceuta 76,422 0.1%
Melilla 18,170 0.0%
Undefined 17,851 0.0%
Total: 99,990,445
5
2. Comercial Assets. Collateral
Mo
rtg
ag
e C
overe
d B
on
d P
rog
ram
me
as of September 2012
Cover Pool Description
Total Mortgage Loans (ex securitization) (€ k) 46,155,951 Floating Rate loan Interest Rate type: 98.2%
Number of loans 225,428 WA Interest Rate (Floating Rate loans) 3.40%
Average Loan balance (€) 204,748 WA Interest Rate (Fixed Rate loans) 5.51%
Number of Borrowers 134,179
Number of properties 319,011
WA Seasoning in months 60 5 yrs
WA Remaining term in months 184 15.3 yrs
Average LTV (%) 43.34%
WA LTV (%) 56.86%
Unindexed LTV Ranges Distributions
Ranges
Total Loan Balance
(ex sec) €k %
0-≤40% 10,854,284 24%
>40%-≤50% 6,586,163 14%
>50%-≤60% 8,077,676 18%
>60%-≤70% 9,344,638 20%
>70%-≤80% 6,336,928 14%
>80%-≤85% 1,269,498 3%
>85%-≤90% 756,413 2%
>90%-≤95% 777,959 2%
>95%-≤100% 1,212,370 3%
>100%-≤105% 224,025 0%
>105% 715,996 2%
46,155,951
Property Type € k %
Offices 2,361,176 5%
Retail 5,065,519 11%
Industrial 3,000,251 7%
Hotel 1,816,120 4%
Flats & Houses 14,567,251 32%
Land 7,398,708 16%
Others 11,946,927 26%
Total: 46,155,951
24%
14%
18%
20%
14%
3%2% 2%
3%
0%2%
0%
5%
10%
15%
20%
25%
5%
11%
7%
4%
32%
16%
26%
0%
5%
10%
15%
20%
25%
30%
35%
Offices Retail Industrial Hotel Flats & Houses Land Others
Specific Loan and Borrower characteristics
Property Type
89% of the loans with LTV < 80%
Source: CaixaBank
Portfolio Breakdown
6
Comercial Assets. Collateral
Mo
rtg
ag
e C
overe
d B
on
d P
rog
ram
me
Source: CaixaBank
as of September 2012
Loan Maturity (yrs)
€ k %
≤ 5 7,628,051 17%
>5 - ≤10 7,354,129 16%
>10 - ≤15 7,336,458 16%
>15 - ≤25 8,694,771 19%
>25 - ≤50 11,688,978 25%
>50 3,453,565 7%
Total: 46,155,951
17%
16%
16%
19%
25%
7%
≤ 5
>5 - ≤10
>10 - ≤15
>15 - ≤25
>25 - ≤50
>50
Loan Maturity (yrs)
Regional Distribution
€ k %
Andalusia 11,111,684 24.1%
Catalonia 9,736,909 21.1%
Madrid 7,092,479 15.4%
Canary Islands 4,569,478 9.9%
Valencia 2,220,730 4.8%
Castile La Mancha 1,816,913 3.9%
Balearic Islands 1,543,257 3.3%
Castile León 1,494,573 3.2%
Navarra 1,458,308 3.2%
Basque Country 1,161,452 2.5%
Galicia 791,518 1.7%
Aragon 772,860 1.7%
Murcia 671,480 1.5%
Undefined 427,649 0.9%
Extremadura 405,676 0.9%
La Rioja 333,881 0.7%
Cantabria 281,918 0.6%
Asturias 235,734 0.5%
Ceuta 22,981 0.0%
Melilla 6,470 0.0%
Total: 46,155,951
7
3.Public Sector Assets. Collateral
Sp
an
ish
Pu
blic
Secto
r C
overe
d B
on
ds P
rog
ram
me
as of September 2012
21%
7%
6%
16%
50%
< 12
≥12-<24
≥24-<36
≥36-<60
≥60 (2)
Loan Maturity (yrs)
Cover Pool Description
Total Mortgage Loans (ex securitization) (€ k) 12,883,538
Number of loans 6,813 Floating Rate loan Interest Rate type: 90.5%
Average Loan balance (€) 1,891,023 WA Interest Rate (Floating Rate loans) 3.10%
Number of Borrowers 1,987 WA Interest Rate (Fixed Rate loans) 4.21%
Average exposure to borrowers (€ ) 6,483,781
WA Remaining term in months 83 6.9 yrs
WA Seasoning in months (1)
35 2.9 yrs
Loan Maturity
€ k %
< 12 2,676,739 21%
≥12-<24 855,538 7%
≥24-<36 777,397 6%
≥36-<60 2,093,431 16%
≥60 6,480,432 50%
Total: 12,883,538
Loans in Arrears %
<2m 0.24%
≥ 2m - <6m 0.95%
≥ 6m - <12m 0.29%
≥12m 0.38%
(1) Seasoning data only available for loans granted in CaixaBank branches. Not info available for loans coming from Banca Cívica
Source: CaixaBank
8
CaixaBank´s Issuances O
uts
tan
din
g Issu
es
Source: CaixaBank
as of September 2012
Spanish Mortgages - Pubic Deals Covered Bonds
ISIN Code Currency Issue Date Outstanding (€) Maturity Coupon Rate