FROB - Autoridad de Resolución Ejecutiva
  • About FROB
    • FROB at a glance
    • Who we are
    • Governance and organization
      • Governing Committee
      • Chair
      • Management Committee
    • Financial Reports
      • Capital and funding
      • Annual accounts
      • Budgetary information
    • Annual report on FROB´s activity
    • Procurement
      • Applicable law and contractor profile
      • Contracts excluded from LCSP
    • Recruitment
  • FROB in the SRM
    • What is banking resolution?
      • Banking resolution
      • Principles and objectives of banking resolution
      • More information about banking resolution
    • The SRM and the Banking Union
      • The SRM and the Banking Union
      • Single Resolution Board (SRB)
    • Resolution framework in Spain
      • Resolution in Spain
      • FROB as the national executive resolution authority
    • Resolution Funds
      • National Resolution Fund
      • Single Resolution Fund
      • Contributions to the Resolution Funds
      • SRF – NRF comparison
    • Resolution Decisions within the SRM
    • EU Legislation
  • FROB´s first years
    • Fund for Orderly Bank Restructuring
    • Financial support granted
      • Figures of FROB’s activity
      • Figures by entities
      • Guarantees
    • Legislation
    • FROB Resolution Decisions
    • Shareholdings
      • Sareb
      • BFA
  • Press Room
    • Press releases and information notes
    • Public engagements
    • Press Contact details
    • Media resources
    • Policy on FROB LinkedIn use
  • Transparency portal
    • Annual Accounts
    • Budgetary information
    • Average period of payment to suppliers
    • Court of Auditors’ reports
    • Management Remuneration
    • Statistical data on procurement
    • Cooperation agreements
    • Register of data processing activities
    • Access to public information
    • Whistleblower Channel
    • Refusal decisions on Transparency
    • Internal regulations
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
Sede Electrónica
FROB - Autoridad de Resolución Ejecutiva
  • About FROB
    • FROB at a glance
    • Who we are
    • Governance and organization
      • Governing Committee
      • Chair
      • Management Committee
    • Financial Reports
      • Capital and funding
      • Annual accounts
      • Budgetary information
    • Annual report on FROB´s activity
    • Procurement
      • Applicable law and contractor profile
      • Contracts excluded from LCSP
    • Recruitment
  • FROB in the SRM
    • What is banking resolution?
      • Banking resolution
      • Principles and objectives of banking resolution
      • More information about banking resolution
    • The SRM and the Banking Union
      • The SRM and the Banking Union
      • Single Resolution Board (SRB)
    • Resolution framework in Spain
      • Resolution in Spain
      • FROB as the national executive resolution authority
    • Resolution Funds
      • National Resolution Fund
      • Single Resolution Fund
      • Contributions to the Resolution Funds
      • SRF – NRF comparison
    • Resolution Decisions within the SRM
    • EU Legislation
  • FROB´s first years
    • Fund for Orderly Bank Restructuring
    • Financial support granted
      • Figures of FROB’s activity
      • Figures by entities
      • Guarantees
    • Legislation
    • FROB Resolution Decisions
    • Shareholdings
      • Sareb
      • BFA
  • Press Room
    • Press releases and information notes
    • Public engagements
    • Press Contact details
    • Media resources
    • Policy on FROB LinkedIn use
  • Transparency portal
    • Annual Accounts
    • Budgetary information
    • Average period of payment to suppliers
    • Court of Auditors’ reports
    • Management Remuneration
    • Statistical data on procurement
    • Cooperation agreements
    • Register of data processing activities
    • Access to public information
    • Whistleblower Channel
    • Refusal decisions on Transparency
    • Internal regulations
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
Sede Electrónica
  • About FROB
    • FROB at a glance
    • Who we are
    • Governance and organization
      • Governing Committee
      • Chair
      • Management Committee
    • Financial Reports
      • Capital and funding
      • Annual accounts
      • Budgetary information
    • Annual report on FROB´s activity
    • Procurement
      • Applicable law and contractor profile
      • Contracts excluded from LCSP
    • Recruitment
  • FROB in the SRM
    • What is banking resolution?
      • Banking resolution
      • Principles and objectives of banking resolution
      • More information about banking resolution
    • The SRM and the Banking Union
      • The SRM and the Banking Union
      • Single Resolution Board (SRB)
    • Resolution framework in Spain
      • Resolution in Spain
      • FROB as the national executive resolution authority
    • Resolution Funds
      • National Resolution Fund
      • Single Resolution Fund
      • Contributions to the Resolution Funds
      • SRF – NRF comparison
    • Resolution Decisions within the SRM
    • EU Legislation
  • FROB´s first years
    • Fund for Orderly Bank Restructuring
    • Financial support granted
      • Figures of FROB’s activity
      • Figures by entities
      • Guarantees
    • Legislation
    • FROB Resolution Decisions
    • Shareholdings
      • Sareb
      • BFA
  • Press Room
    • Press releases and information notes
    • Public engagements
    • Press Contact details
    • Media resources
    • Policy on FROB LinkedIn use
  • Transparency portal
    • Annual Accounts
    • Budgetary information
    • Average period of payment to suppliers
    • Court of Auditors’ reports
    • Management Remuneration
    • Statistical data on procurement
    • Cooperation agreements
    • Register of data processing activities
    • Access to public information
    • Whistleblower Channel
    • Refusal decisions on Transparency
    • Internal regulations
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
  • About FROB
    • FROB at a glance
    • Who we are
    • Governance and organization
      • Governing Committee
      • Chair
      • Management Committee
    • Financial Reports
      • Capital and funding
      • Annual accounts
      • Budgetary information
    • Annual report on FROB´s activity
    • Procurement
      • Applicable law and contractor profile
      • Contracts excluded from LCSP
    • Recruitment
  • FROB in the SRM
    • What is banking resolution?
      • Banking resolution
      • Principles and objectives of banking resolution
      • More information about banking resolution
    • The SRM and the Banking Union
      • The SRM and the Banking Union
      • Single Resolution Board (SRB)
    • Resolution framework in Spain
      • Resolution in Spain
      • FROB as the national executive resolution authority
    • Resolution Funds
      • National Resolution Fund
      • Single Resolution Fund
      • Contributions to the Resolution Funds
      • SRF – NRF comparison
    • Resolution Decisions within the SRM
    • EU Legislation
  • FROB´s first years
    • Fund for Orderly Bank Restructuring
    • Financial support granted
      • Figures of FROB’s activity
      • Figures by entities
      • Guarantees
    • Legislation
    • FROB Resolution Decisions
    • Shareholdings
      • Sareb
      • BFA
  • Press Room
    • Press releases and information notes
    • Public engagements
    • Press Contact details
    • Media resources
    • Policy on FROB LinkedIn use
  • Transparency portal
    • Annual Accounts
    • Budgetary information
    • Average period of payment to suppliers
    • Court of Auditors’ reports
    • Management Remuneration
    • Statistical data on procurement
    • Cooperation agreements
    • Register of data processing activities
    • Access to public information
    • Whistleblower Channel
    • Refusal decisions on Transparency
    • Internal regulations
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
Sede Electrónica
Notas de prensa y comunicados
Notas de Prensa
07-07-2023

2022 FROB Annual Report

  • FROB today publishes its 2022 annual report, setting out key milestones reached over the course of the year.

Madrid, 07/07/2023.

The executive resolution authority – FROB – has published its 2022 Annual Report today, with the key milestones in its activity over the year, which was marked, at the level of the Single Resolution Mechanism (SRM) by close monitoring of the consequences of the geopolitical and macroeconomic context on European entities.

In this financial year, FROB has continued to work on further developing its resolution preparation, with the aim of ensuring an appropriate response in the event of a crisis, and exercising its rights in its investees, in which there have been major developments, with public control having been taken in April, after obtaining the majority of the capital of Sareb.

Paula Conthe, FROB’s Chair, remarked in her institutional message that “this environment that institutions work in nowadays is also shifting significantly for the authorities. Despite the major regulatory developments that have been implemented since the previous crisis, recent events show we must continue to develop and adapt to new realities. We must not forget what recent experience has taught us and I feel I must highlight that we need to continue developing to complete the Banking Union and reinforce our crisis management framework”.

The details of the main activities carried out by FROB in 2022 are as follows:

1. Work within the European Resolution Framework.

  • FROB has continued its regular involvement in all resolution planning tasks commissioned to it by Law, in close cooperation with the Single Resolution Board (SRB) and the Spanish preventive resolution authorities (the Bank of Spain and the CNMV). It has also continued to work hard on improving its preparation for potential resolution cases, mainly through the introduction, for the first time, of a simulation of the resolution of a fictitious less significant institution (LSI) with the aim of testing and improving the speed and adaptation of internal processes to tackle a situation of non-viability of a real institution, along with participation in a simulation at the level of the Single Resolution Board. FROB’s active participation in the different international forums specialised in resolution matters is also worthy of mention. Work has focused this year on closely monitoring the consequences of the inflationary environment and interest rate hikes on institutions, along with issue conditions in a context in which they must make progress in compliance with the Minimum Requirement of Eligible Liabilities (MREL).
  • As normal, contributions were also collected in 2022 for the resolution funds (funding tools which the resolution authorities may use to implement resolution measures) totalling EUR 1,14 million (EUR 1,13 million for the European Single Resolution Fund and EUR 2.9 million for the National Resolution Fund).

2. Work arising from the bank restructuring process.

  • As usual, FROB’s work in this area focused on monitoring its stakes in BFA and Sareb and on managing the guarantees granted in previous divestment processes, along with the litigation stemming therefrom.
  • In particular, this year has been marked – following the introductions contained in Royal Decree-Law 1/2022, which eliminated the limits on the State’s stake in the shareholding of Sareb – by the formalisation by FROB of the purchase of the percentage of shares required to attain 50.14% of this company’s share capital and the changes stemming from it attaining this public control at an organisational and strategic level.
  • Furthermore, in 2022, the Banco de Valencia Asset Protection Scheme (APS) also matured, which closed at a total cost for FROB of EUR 206 million, a figure significantly lower than the EUR 600 million initially estimated at the time of the execution of the sale of the institution. For FROB’s Chair, Paula Conthe, “this outcome shows the usefulness of these tools as crisis management support measures, which benefitted from the excellent management and collaboration of the purchaser – CaixaBank”.

3. Other activities.

Finally, other noteworthy actions carried out over the course of 2022 include the continued implementation of different actions framed within FROB’s Social Responsibility Policy, the revision of the first level of FROB´s internal regulations in force, with a view to updating and simplifying them, and collaboration with the Court of Auditors in the work it carries out within the framework of its audit activity[1].

FROB’s annual reports are available on its website

[1] “Audit report on the actions by FROB and the Bank of Spain in the merger between CaixaBank and Bankia and on the situation of the bank re-structuring process at 31 December 2021”, approved by the plenary session of the Court of Auditors at its session on 28 March 2023.

2023 destacados
FROB renews its institutional websiteFROB renews its institutional website05-07-2023
The Single Resolution Board (SRB) will collect 77.6 billion in contributions to the Single Resolution Fund10-07-2023The Single Resolution Board (SRB) will collect 77.6 billion in contributions to the Single Resolution Fund

Press Room

  • Press releases and information notes
  • Public engagements
  • Press Contact details
  • Media resources
  • Policy on FROB LinkedIn use
Descubre el FROB

  • El FROB de un vistazo
  • Naturaleza y régimen jurídico
  • Órganos de Gobierno
  • Información económico-financiera
  • Informes de actividad
  • Contratación
  • Empleo
MUR

  • ¿Qué es la resolución bancaria?
  • El MUR y la Unión Bancaria
  • Reparto de las competencias de resolución en España
  • Fondos de resolución
  • Resoluciones dentro del MUR
  • Normativa UE
El FROB como fondo

  • Orígenes del FROB
  • Datos básicos
  • Normativa
  • Acuerdos del FROB
  • Participadas
Sala de prensa

  • Notas de prensa y comunicados
  • Intervenciones públicas
  • Contacto de Comunicación
  • Recursos para medios
  • Política de uso de Linkedin
Portal de Transparencia

  • Cuentas anuales
  • Información presupuestaria
  • Periodo medio de pago a proveedores
  • Informes TCU
  • Retribución altos cargos y directivos
  • Información estadística de los contratos
  • Convenios, encomiendas y encargos
  • Registro de actividades de tratamiento
  • Derecho de acceso
  • Canal de Denuncias
  • Resoluciones denegatorias
  • Reglamento de Régimen Interno

 © 2023 Executive power of resolution. All rights reserved – Legal disclaimer

Privacy Statement  Web Map  Accessibility  Contact

Gestionar el consentimiento de las cookies
Para ofrecer las mejores experiencias, utilizamos tecnologías como las cookies para almacenar y/o acceder a la información del dispositivo. El consentimiento de estas tecnologías nos permitirá procesar datos como el comportamiento de navegación o las identificaciones únicas en este sitio. No consentir o retirar el consentimiento, puede afectar negativamente a ciertas características y funciones. Ver política de cookies
Funcional Always active
El almacenamiento o acceso técnico es estrictamente necesario para el propósito legítimo de permitir el uso de un servicio específico explícitamente solicitado por el abonado o usuario, o con el único propósito de llevar a cabo la transmisión de una comunicación a través de una red de comunicaciones electrónicas.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Estadísticas
The technical storage or access that is used exclusively for statistical purposes. El almacenamiento o acceso técnico que se utiliza exclusivamente con fines estadísticos anónimos. Sin un requerimiento, el cumplimiento voluntario por parte de tu Proveedor de servicios de Internet, o los registros adicionales de un tercero, la información almacenada o recuperada sólo para este propósito no se puede utilizar para identificarte.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Ver preferencias
{title} {title} {title}