FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of November 2, 2018
Commission File Number: 001-12518
Banco Santander, S.A.
(Exact name of registrant as specified in its charter)
Ciudad Grupo Santander
28660 Boadilla del Monte (Madrid) Spain
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | X |
Form 40-F | |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
| Yes | |
No | X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
| Yes | |
No | X |
Banco Santander, S.A.
TABLE OF CONTENTS
Item |
|
| 1 | Material Fact dated November 2, 2018 |
MATERIAL FACT
Banco Santander, S.A. (“Santander”) announces the results it has obtained in the latest stress test exercise carried out by the European Banking Authority (EBA) and the European Central Bank (ECB).
The exercise covered a three-year period (end of 2017 – end of 2020), with two scenarios (baseline and adverse) applied to the entire consolidated perimeter of the Santander Group.
Santander’s results were as follows:
| · | Under the adverse scenario, Santander Group’s fully loaded CET1 ratio (i.e. including the full impact of CRR/CRD and IFRS 9) would decrease by 1.41 percentage points to 9.20% as of 31 December 2020, from the starting point of 10.61% as of 31 December 2017. Under the same scenario, the Group’s phased-in CET1 ratio (i.e. adopting the CRR/CRD and IFRS 9 transitional arrangements) would decrease by 2.59 percentage points to 9.72% as of 31 December 2020, from the starting point of 12.31%. |
| · | Under the baseline scenario, Santander Group’s fully loaded CET1 ratio (i.e. including the full impact of CRR/CRD and IFRS 9 and without adopting the CRR/CRD and IFRS 9 transitional arrangements) would increase by 3.26 percentage points to 13.87% as of 31 December 2020. Under the same scenario, the phased-in CET1 ratio (i.e. adopting the CRR/CRD and IFRS 9 transitional arrangements) would increase by 1.76 percentage points to 14.07%. |
Boadilla del Monte (Madrid), 2 November 2018
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Banco Santander, S.A. | |||||
| Date: | November 2, 2018 | By: | /s/ José García Cantera | ||
| Name: | José García Cantera | ||||
| Title: | Chief Financial Officer | ||||