- Business
- Banco de Sabadell, S.A. Banco de Sabadell, S.A. (SAB.MC) operates as a Spanish multinational universal bank specializing in retail, commercial, and private banking services, primarily targeting small and medium-sized enterprises (SMEs), affluent individuals, retailers, self-employed professionals, and large corporations with a focus on international trade; it offers a comprehensive range of products including current and savings accounts, personal and consumer loans, mortgages, debit and credit cards, leasing and rental services, short-term financing, working capital facilities, revolving loans, medium- and long-term finance, structured finance solutions, investment funds, pension plans, savings insurance, payment methods such as point-of-sale (PoS) terminals, import/export remittances, collections and payments, corporate treasury, investment banking, trading, custody, and research services. The bank maintains a multi-brand strategy through brands such as SabadellAtlántico, SabadellGuipuzcoano, Banco Herrero, SabadellSolbank, ActivoBank, SabadellUrquijo, SabadellGallego, and SabadellCAM, serving personal, business, and institutional clients across diverse sectors including franchises, agriculture, tourism, real estate, and startups; its subsidiaries and affiliates include BanSabadell Fincom for consumer finance, Solvia for real estate services, and TSB Banking Group in the United Kingdom, with operations spanning Spain, the UK, Andorra, the US, Mexico, and international branches in locations such as London, Paris, Miami, Mexico City, New York, and others in 14 countries overall. Founded in 1881 and headquartered in Alicante, Spain with a significant presence in Sabadell, Catalonia, the bank employs over 18,000 staff across approximately 1,600 branches and supports 12 million customers with total assets exceeding €250 billion. In recent developments, Banco de Sabadell announces a new Strategic Plan for 2025-2027 in July 2025 aimed at delivering €6.3 billion in shareholder returns, achieving over €1.6 billion in profit by 2027 through accelerated loan book growth of 5% annually, enhanced customer acquisition especially via digital channels, revenue expansion in consumer banking, private banking, insurance via its alliance with Zurich, and PoS penetration, alongside improved asset quality and cost efficiency, without reliance on its UK subsidiary TSB; it proposes the sale of TSB Banking Group to Banco Santander for £2.65 billion subject to shareholder and regulatory approvals, enabling an extraordinary dividend distribution; faces an ongoing hostile takeover bid from BBVA launched in 2024 and amended in September 2025 to an all-stock offer valued at €17 billion, which the bank and Spanish authorities oppose, with the CNMV communicating outcomes in October 2025; relocates its registered office back to Sabadell, Plaça de Sant Roc in early 2025 after a prior move to Alicante in 2017; and reports robust third-quarter 2025 net profit growth of 7.3% to €1.39 billion driven by higher loan volumes, customer funds, and reduced provisions.