Banco Espírito Santo Group 1. Banco Espírito Santo Group structure and activity  Banco Espírito Santo, S.A. (BES) is the third largest banking group in Portugal, with assets of EUR 76.6 billion as at March 2014, deposits of EUR 37.3 billion, liabilities of EUR 13.7 billion in the form of securities, and funds from other credit institutions of EUR 4.2 billion.
The Common Equity Tier 1 ratio (CET1) (phasing-in) in March 2014, with the effect of the capital increase of June included, came to 11.3% (CET1 capital reaching EUR 7.1 billion). It was thus 434 basis points above the regulatory minimum (which corresponds to a EUR 2.1 billion capital buffer). BES Group’s total capital ratio is 12.8% under the same assumptions.