Bancaja 12

Another securitisation of prime residential mortgage loans, with the 16,397 loans all having been
originated by Bancaja is its normal business operations, all granted to individuals, and all secured
on properties in Spain.

All of the loans are referenced to 12mnth Euribor, and at closing date 64 loans (0.0012% of out-
standing) were in arrears by greater than 60 days. The average loan size is Eur147,966, and the
portfolio is highly granular, with the largest obligor accounting for just 0.041% of the outstanding
principal, and the top 10 obligors for 0.358% of the pool.

Geographically, the portfolio evidences Bancaja’s regional franchise with the Valencian Community
region accounting for 41.84% of the outstanding principal. The next highest region is Catalonia at
10.56%. WA seasoning 13.67mnths, and WA LTV is 74.85%.

All bonds have been retained.


Compare/contrast: Bancaja 11, BankInter 16
Bancaja 11 Bankinter 16