(The following statement was released by the rating agency)

Nov 23 -

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Ratings -- Ibercaja Banco S.A. ------------------------------------ 23-Nov-2012

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CREDIT RATING: BB+/Negative/B Country: Spain

Primary SIC: Commercial banks,

nec

Mult. CUSIP6: 46270A

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Credit Rating History:

Local currency Foreign currency

23-Nov-2012 BB+/B BB+/B

30-Apr-2012 BBB-/A-3 BBB-/A-3

13-Feb-2012 BBB/A-2 BBB/A-2

15-Dec-2011 BBB+/A-2 BBB+/A-2

11-Oct-2011 A-/A-2 A-/A-2

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Issues:

Rating Rating Date

EUR500 mil 3.50% cedulas hipotecarias due

04/22/2015 AA-/WatchN 16-Oct-2012

EUR225 mil 2.70% cedulas hipotecarias due

06/14/2013 AA-/WatchN 16-Oct-2012

EUR30 mil 5.31% cedulas hipotecarias due

03/03/2016 AA-/WatchN 16-Oct-2012

EUR500 mil 3.38% cedulas hipotecarias due

11/27/2014 AA-/WatchN 16-Oct-2012

EUR50 mil 2.88% cedulas hipotecarias due

09/27/2013 AA-/WatchN 16-Oct-2012

EUR100 mil 4.50% cedulas hipotecarias due

07/31/2020 AA-/WatchN 16-Oct-2012

EUR1 bil fltg rate cedulas hipotecarias due

12/12/2018 AA-/WatchN 16-Oct-2012

EUR150 mil fltg rate callable perp pfd stk (buy

back resulted in EUR 10.05 mill outstanding)C 15-Nov-2012

EUR200 mil fltg rate callable sub nts ser 13

due 04/20/2018 D 15-Nov-2012

EUR350 mil fltg rate callable sub nts ser 14

due 04/25/2019 D 15-Nov-2012

(Bangalore Ratings Team, Hotline: +91 80 4135 5898 swati.ray@thomsonreuters.com,Group id:BangaloreRatings@thomsonreuters.com,Reuters Messaging: swati.ray.thomsonreuters.com@reuters.net)

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