Banc Sabadell profit drops by 99.7% in 2020 due to Covid-19 provisions
2 million euros in earnings also tied to sale of troubled assets and restructuring plan
banc sabadell
BBVA and Banc Sabadell talks fail, merger ruled out
Disagreements over split of shares prevent formation of Spain's second largest lender
BBVA and Sabadell banks in merger talks to create Spain's second largest lender
Resulting banking group would have assets of €600bn, close to that of CaixaBank and Bankia
Spanish GDP collapses and bank profits fall as pandemic hits financial institutions
CaixaBank and Banc Sabadell make 67% and 72% less in the first half of 2020, while Spanish GDP collapses 18.5%
Caixabank profits fall by 52.1% for first half of 2019, earning €622 million
Banc Sabadell earns €532 million so far this year, a rise of 341%
Caixabank's profits go up 17% in 2018 to €1.98 bn
Rise attributed to strength of core business, while Banc Sabadell registers 54% fall in gains last year
Spain to overturn decree that facilitated companies fleeing Catalonia
Madrid regrets "important damage" caused to economy after referendum
Spain waged 'economic war' against Catalonia, claims report
Ara newspaper says state authorities and crown put orchestrated pressure on firms to flee the country immediately after October referendum
Spain's waged 'economic war' against Catalonia, claims report
Ara newspaper says state authorities and crown put orchestrated pressure on firms to flee the country immediately after October referendum
Major banks weather political storm
CaixaBank and Banc Sabadell close 2017 with big turnover, despite crisis between Catalonia and Spain
Banc Sabadell decides to move its headquarters out of Catalonia
Spanish government preparing new law to facilitate relocation of companies and banks outside of Catalonia
Barcelona Conde de Godó attracts world number one singles and doubles players
The 65th edition of the Barcelona Open Banc Sabadell -commonly called the Conde de Godó tournament- has begun this weekend and runs through until the 30th April. The tournament goes back a long way as it was held for the first time in 1953. The competition is organized by the Barcelona Royal Tennis Club (RCTB) and has a big impact on the city of Barcelona and the European clay court circuit given the presence each year of club member Rafael Nadal. In this 2017 edition, the Godó can count on the presence of world number one Andy Murray and Henri Kontinen, the leading players on the ATP single and doubles rankings respectively.
Banc Sabadell nearly doubled its profits in 2015 after integrating UK bank TSB
The Catalan banking group Banc Sabadell earned €708.4 million in 2015, according to figures published by the company. This result is 90.6% higher than that obtained in 2014. The good result of Banc Sabadell in 2015 is mainly due to the integration of the UK bank TSB in June, which added accounts worth €122 million. Without this operation, Banc Sabadell’s net profits would only had grown by 57.8%. Thus, net interest income, which measures the bank’s ordinary activity of receiving deposits and authorising credit, was €3.203 billion, 41.7% higher than in 2014. The internationalisation of Banc Sabadell has already been consolidated and 32% of the credits were authorised abroad. In 2014, this percentage was 6%. The default rate, which has dropped to 7.79%, 5 points less than in 2014, also contributed to Banc Sabadell’s positive result.