Bankinter 15

For their second transaction of the year, BankInter responds to the crisis in the market by issuing
a plain vanilla "no frills" securitisation of first lien mortgages on residential properties located in Spain.

The 12,869 loans being collaterallised have all been granted for acquiring a residential property by
individuals resident in Spain. The pool contains no high LTV loans, and all 100% of the loans are paid
via direct debit. However, 18% of the portfolio does correspond to second homes, and 11% of the
loans were granted to self employed debtors. Additionally, a small percentage (3.53%) of the pool
are to foreign debtors resident in Spain.

The average loan size is Eur153,094 with average seasoning of 1.51yrs and a weighted average
LTV of 58.04% (BankInter 14, seasoning was 15mnths & LTV 65.89%). Geographically, the four
main areas of concentration are: Madrid 21.19%, Valencia 16.25%, Cataluña 15.53%, and Andalucia
15.46%.


Compare/contrast: previous BankInter deals, FTdA Santander Hipotecario 4, IM Cajamar 5
Bankinter 14FTdA Santander Hipotecario 4IM Cajamar 5