Obligation CaixaBank 4.25% ( ES0414970295 ) en EUR

CaixaBank

100 % ▼

Espagne

ES0414970295 ( en EUR )

4.25% par an ( paiement annuel )

26/01/2017 - Obligation échue

Prospectus brochure de l'obligation Caixabank ES0414970295 en EUR 4.25%, échue

50 000 EUR

2 000 000 000 EUR

CaixaBank est une banque espagnole, issue de la fusion de Caixa d'Estalvis i Pensions de Barcelona et de la fusion de plusieurs autres caisses d'épargne, opérant dans divers secteurs bancaires, dont la banque de détail, la banque privée et la banque d'investissement.

L'Obligation émise par CaixaBank ( Espagne ) , en EUR, avec le code ISIN ES0414970295, paye un coupon de 4.25% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 26/01/2017

REGISTRATION STATEMENT

APPENDIX XI OF (EC) REGULATION Nº 809/2004 OF
THE COMMISSION OF 29 APRIL, 2004

CAJA DE AHORROS Y PENSIONES DE
BARCELONA

("la Caixa")

This Registration Statement has been approved and entered in the official registers of the
National Stock Market Commission with the date of 18 April, 2006.

CONTENTS

Page

RISK FACTORS AFFECTING THE ISSUER

3

APPENDIX XI of (EC) Regulation n. 809/2004:

1.
PERSONS
RESPONSIBLE

4

2. ACCOUNTS AUDITORS

4

3. RISK FACTORS

4

4.
INFORMATION
ABOUT
THE
ISSUER

5

5.
DESCRIPTION
OF
THE
COMPANY

6

6.
ORGANISATIONAL
STRUCTURE

13

7.
TREND
INFORMATION

15

8. PROFIT FORECASTS OR ESTIMATES

15

9. ADMINISTRATIVE, MANAGEMENT AND SUPERVISORY BODIES 16

10. MAJOR STOCKHOLDERS

21

11. FINANCIAL INFORMATION CONCERNING THE ISSUER'S ASSETS 22
AND LIABILITIES, FINANCIAL POSITION AND PROFITS AND LOSSES

12. MATERIAL CONTRACTS

32

13. THIRD PARTY INFORMATION, STATEMENTS BY
33
EXPERTS AND DECLARATIONS OF INTEREST

14.
DOCUMENTS
AVAILABLE

33

1

Risk factors affecting the Issuer
_______________________________________________________________
Principals Risks of Banking Business:

· Developments in the competitive environment:
- Developments in the GDP and in fundamental aspects of the economy.
- Low interest rates with upward trend.
- Increase of competition between banking institutions.
- Developments in the mortgage market.

· Credit risk. Losses arising from the failure of a credit holder to fulfil any of his obligations.
Credit risk management at "la Caixa" attempts to guarantee repayment capacity in order to avoid
delinquency by means of:
- A credit structure with a relatively low level of risk due to the predominance of loans to private
parties and the preponderance of mortgage loans for the acquisition of first homes.
- The credit portfolio presents a high degree of diversification and fragmentation. In addition the
banking activity carried on by the "la Caixa" Group is basically focussed on Spain, and does not
include in its credit risk profile positions in developing countries.
- The organisation and resources of the network of branch offices ensure that the applicant's
capacity to repay the loan is analysed using standardised criteria.

· Interest rate risk on balance sheet. Negative effect that the movement of the curves of interest
rates can have on the economic value of the balance sheet and on net interest income, caused by the
roll over of amounts making it up at rates higher or lower than those previously established.
- "la Caixa" shows a minimum exposure to risk of interest rate of balance sheet through natural
hedges and hedging operations on financial markets.

· Market risk. Possibility of suffering losses in the economic value of operations contracted as a
result of unfavourable developments in quotations on the financial markets. Quotations on financial
markets respond to three major groups or factors of risk; interest rates or quotations on fixed income
assets, rate of exchange and unpredictability of the risk factors previously mentioned.
- The "la Caixa" Group maintains a low level of exposure to risks due to interest rates, rates of
exchange and price.

· Liquidity risk. This presents two aspects: a) Market: this is the risk caused by the difficulty of
closing or dissolving a specific position in the market. b) Financing: this is the risk brought about
by temporary cash flow lags.
- The "la Caixa" maintains adequate levels of liquidity, with a careful monitoring of the natural
hedges on the balance sheet and with an active management of sources of financing.

· Operational risk. Losses occurring as a consequence of inadequate internal processes, human
error, incorrect functioning of data processing systems or external events. Operational risk is
inherent in all business activities.
- The "la Caixa" Group's operational risk management is based on qualified personnel, established
procedures, and the systems and controls that have been introduced.

2

1. PERSONS RESPONSIBLE

1.1 PERSON RESPONSIBLE FOR THE CONTENTS OF THE REGISTRATION
STATEMENT

Mr. Joaquín Vilar Barrabeig, in the name and on behalf of the Caja de Ahorros y Pensiones de
Barcelona (hereafter "la Caixa"), in his capacity as Executive Director for Auditing, Accounting
and Management Control, assumes responsibility for the entirety of this Registration Statement by
virtue of the agreements adopted by the Board of Directors at their meeting of 23 March, 2006,
whose format is adapted to that of Appendix 11 of (EC) Regulation nº 809/2004 of the Commission
of 29 April, 2004 (hereafter, the Registration Statement).

1.2 DECLARATION OF THE PERSON RESPONSIBLE

Mr. Joaquín Vilar Barrabeig, as person responsible for this Registration Statement, affirms, after
having employed reasonable diligence in order to guarantee that this is so, that the information
contained in this Registration Statement corresponds, to the best of his knowledge, to the facts and
does not incur in any omission that might affect its content.

2. ACCOUNTS AUDITORS

2.1 NAME AND ADDRESS OF THE AUDITORS

The auditors of "la Caixa" and the "la Caixa" Group's annual accounts for the years 2004 and 2005
were Deloitte, S.L., with legal address in Madrid, plaza Pablo Ruiz Picasso n.1, Torre Picasso, a
firm that figures in the Official Registry of Accounts Auditors (ROAC) with number S0692.

2.2 AUDITORS' STATEMENT

The auditors have not discontinued or been removed from their responsibilities and have been
chosen again by the institution, on the last occasion on 28 April, 2005, to audit the annual accounts
corresponding to the financial year ending 31 December, 2006.

3. RISK FACTORS

See the "Risk Factors" section (page 3 of this Registration Statement).

3

4. INFORMATION ABOUT THE ISSUER

4.1 HISTORY AND DEVELOPMENT OF THE ISSUER

4.1.1 The legal and commercial name of the issuer

Complete firm name of the issuer of the securities offered: CAJA DE AHORROS Y
PENSIONES DE BARCELONA.

Abbreviated or commercial name: "la Caixa".
Tax Identification Code: NIF: G-58.89999.8

4.1.2 Place of registration of the issuer and its registration number

It is registered with number 3.003 in the Barcelona Companies Registry, in volume 20.397, folio 1,
page nº B-5.614, 1st entry, with code number 2100 in the Special Register for Savings Banks of the
Bank of Spain and is also entered with number 1 in the Register of Catalan Savings Banks of the
Directorate General of Financial Policy of the Ministry of Economy and Finance of the Government
of Catalonia (Generalitat de Catalunya).

4.1.3 Date of incorporation

Caja de Ahorros y Pensiones de Barcelona was established on 27 July, 1990, by the merger of Caja
de Ahorros y Monte de Piedad de Barcelona, founded in 1844, and Caja de Pensiones para la Vejez
y de Ahorros de Cataluña y Baleares, founded in 1904.

Caja de Ahorros y Pensiones de Barcelona began its activities at the moment of its incorporation,
continuing the activity of the two merging institutions. Length of life is indefinite.

4.1.4 Domicile, legal form and special legislation applicable

The institution's legal form is that of a Savings Bank, subject to Legislative Decree 1/1994 of 6
April, new version of Law 15/1985, of 1 July, on Savings Banks in Catalonia, modified by laws
6/1989 of 25 May and 13/1993 of 25 November, all of which are laws passed by the Government of
Catalonia (Generalitat de Catalunya).

The special legislation to which it is subject is derived from its character as a financial and credit
institution, and as such it is subject to the regulations determined by the Economic and Monetary
Authorities (Bank of Spain, Ministry of Economy and Finance...) such as Bank of Spain Circular
4/2004, of 22 December regarding Standards for Public and Reserved Financial Information and
Financial Statements Formats for Credit Institutions; Bank of Spain Circular 3/2005, of 30 June,
relating to legislation on shareholders' equity and supervision on a consolidated basis of financial
institutions; and Law 24/1988, of 28 July, on the Stock Market.

Registered office: Avenida Diagonal, 621-629, 08028 Barcelona, Spain
Telephone: 93 404 60 00

Country of incorporation: Spain

4

4.1.5 Recent events relevant to the solvency of the issuer

The developments for the banking business of "la Caixa" in the year 2006 are based on the
combination of efficient and profitable growth, maintaining levels of solvency. At the same time
risk management systems will be intensified. In this sense, according to criteria established by the
Basel Committee on Banking Supervision (BIS), on 31 December, 2005, the Core Capital
(maximum category shareholder's equity) improved up to 6.0% (5.8% on 31 December, 2004)
figuring at 7,090 million euros, Tier 1 reached 8.5% (10,090 million euros) and solvency ratio (BIS)
12% (14,218 million euros). The surplus capital over the required minimum of 8% of the risk assets
was 4,800 million euros, 4.0%. With regard to the delinquency ratio, on 31 December, 2005, it was
at 0.39% (0.26% with mortgage guarantees), coverage of doubtful assets at 379.5% (425% if
mortgage guarantees are included). These ratios show the high quality of the "la Caixa" Group's
credit portfolio.

5. DESCRIPTION OF THE COMPANY

5.1 PRINCIPAL ACTIVITIES

5.1.1 Principal activities of the issuer

The "la Caixa" Group is made up of Banking Business and the Securities Portfolio.
CaixaHolding, SAU, concentrates practically the entirety of the shares in the variable income
portfolio and is responsible for carrying out the Group's investment strategy. Banking Business is
made up of banking, financial and insurance institutions whose specialised offer complements the
products and services offered by "la Caixa" and provides a structure in which to implement a multi-
channel management strategy. The Securities Portfolio, on the other hand, includes investments of a
strategic or financial nature, with the object of diversifying the Group's sources of income, taking
advantage of opportunities in terms of securities and participating in the development of companies
that offer basic services for society. Its activity is divided into five areas or groups: services, bank
and insurance, real estate, leisure and development capital (see Section 6.1 of this Statement,
organisation chart of the "la Caixa" Group).

On its part, "la Caixa" Community Projects carries on activities in four fields: social, education,
culture and science, and environment. In the first place it is important to mention the social
programmes aimed at contributing to relieve instances of social deficit. The educational
programmes have as their objective to bring science, art and new technology closer to young
children. The cultural programmes and those of science and environment complete the activity of
the institution. In each of these fields "la Caixa" Community Projects presents initiatives addressed
to society as a whole.

Below is a list of the principal products and services offered by the "la Caixa" Group, divided
between Savings and Investment for individuals and companies, Financing for individuals,
Financing for companies, Foreign Trade, Insurance and Other Services.

5

SAVINGS AND INVESTMENT INDIVIDUALS AND COMPANIES

Sight savings
Cuenta Comercio account

Current account

Estrella current account

Euribor indexed current account

Sight savings account

Libreta Estrella savings book

Libreta Estrella Joven savings books for young people

Libretas Estrella savings books for children (Super3,

Megalibreta, Betizu)

Liquid savings
Liquid savings account

Euribor indexed liquid savings account

Liquid savings account Increasing interest final

premium

Liquid savings account Decreasing interest final

premium
LIABILITIES
Growing deposit to 5 years
Centenary deposit
Home Account
New Company Account
Project Account
Liquid with variable return
Lámina Estrella
Instruments issued by "la Caixa"
Mortgage bonds
and its subsidiaries
Subordinated debt
"la Caixa" promissory notes
Preference shares
Instruments issued by the State
Treasury Bills - Libreta DP
and by other Institutions
Preference shares

Fiamm's

Fixed income
Treasury

Short Term

Medium Term

Long Term

Mixed fixed income
International

Equity

Mixed variable income
National

Euro
INVESTMENT FUNDS
International
Variable Euro
indexed
Spain indexed
Europe indexed
USA indexed
Sectorial
Global

Guaranteed

Active Management Funds

Funds of Funds

Third Party Management Funds

Savings and investment insurance
Libreta Futuro savings book

Libreta Futuro assured savings book

Assured Savings Scheme

Immediate pension for life (PVI)

Guaranteed Plan

Plan 2000 VidaCaixa
Pensión 2000

SegurFon Caixa
SAVINGS AND INVESTMENT
Savings and Investment Scheme
INSURANCE, PENSION AND
Individual Pension Schemes
Monetary
SOCIAL PROVISION
Fixed income at medium-long term
Guaranteed
SCHEMES
Variable income
Individual Social Provision Schemes
Fixed income
Variable income
Guaranteed
Pension Schemes for Groups

Guaranteed Social Provision Schemes

6

FINANCING INDIVIDUALS

Mortgage Guarantee
Basic Mortgage

Flexible Mortgage

Reciprocal Mortgage

Young Persons Mortgage

Open Mortgage: With Fixed Interest

With Variable Interest

With Mixed Interest

With Combined Interest

Mortgage Loan Fixed Quota

VPO Subsidised loans

Personal Guarantee
CrediStar

Estrella Credit

Loan with immediate payment

Estrella Loans: Auto

Studies
CREDIT AND LOANS
Express
Young people
Salary
Personal
Repairs
PromoCaixa
Credit cards

Other guarantees
Money guarantee
Stock guarantee
Investment fund guarantee
Insurance policy guarantee
Endorsements

Back-to-back loans

Generic
Prepaid

Debit

Weekly credit

Monthly credit

Reusable Credit - Gold

Reusable Credit - Compra Estrella shopping

Visa Classic

Visa Electrón

Visa Electrón Joves

Visa Estrella

Visa Gold

Affinity and Private
Young people
CREDIT CARDS
Other segments

Sport Institutions
Leisure - Travel
Commercial establishments
Automobiles
Medical insurance
Cooperatives
Chambers of Commerce cooperatives
Associations
Foreign
Club Estrella
Via T

7

FINANCING - COMPANIES

Credit accounts
Credit account (CCR)

Credit account Guarantee of certifications

Credit account for use in euros and foreign

currencies

Discounts and advances
Advances on commercial loans

Commercial discount
WORKING CAPITAL
Financial discount
Specialised financing
Confirming
Factoring: With recourse
Without recourse
Export
Financing at the sales point
Restructuring balances

Financing machinery and installations
Personal guarantee

Other guarantees

Leasing

Renting

Financing property
Mortgage guarantee

Leasing

Mortgage loan to promoters
OTHER PURPOSES
Endorsements
Overdraft facilities

Risk covers
Currency exchange risk. Exchange risk
insurance
Currency exchange risk. Currency options
Interest rate risk. Options
Interest rate risk. Swaps (IRS)
COMMERCIAL ESTABLISHMENTS
TPV's

8

FOREIGN TRADE
Export
Collection on exports by transfer

Collection on exports by check

Irrevocable documentary credits

Financing on export

Documentary remittances
Official aid. Credit to foreign buyer

Import Irrevocable
documentary
credits

Financing on importing
IMPORT AND EXPORT
Payment of imports by transfer
Payment of imports by check
Documentary remittances
Endorsements and bank guarantees

Exchange risk insurance

EXCHANGE RISK INSURANCE
AND OPTIONS
Options on currency

Foreign Business
Platform for access to all foreign commerce
LÍNEA ABIERTA (OPEN LINE)
products on the Internet Linea Abierta

INSURANCE INDIVIDUALS AND COMPANIES

Life insurance
Seviam Plus

Vida Familiar
Seviam Abierto
LIFE AND ACCIDENT INSURANCE
Accident insurance
SegurCaixa Personal

Home and construction
Home insurance
Insurance for promoters and construction
OTHER INSURANCE
companies
Health insurance

Credit card insurance

9