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Banco de Sabadell SA (SABE.MC)

SABE.MC on Madrid SE C.A.T.S.

1.44EUR
4:35pm BST
Change (% chg)

€-0.03 (-1.80%)
Prev Close
€1.47
Open
€1.48
Day's High
€1.49
Day's Low
€1.44
Volume
28,809,655
Avg. Vol
21,213,986
52-wk High
€1.94
52-wk Low
€1.31

Latest Key Developments (Source: Significant Developments)

TSB announces Paul Pester will step down as CEO
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - TSB Banking Group PLC ::TSB ANNOUNCES PAUL PESTER TO STEP DOWN AS CEO.RICHARD MEDDINGS TO BECOME EXECUTIVE CHAIRMAN ON INTERIM BASIS.PAUL PESTER JOINED LLOYDS BANKING GROUP IN 2010 AND WAS APPOINTED TO LEAD THE DESIGN, BUILD AND LAUNCH OF TSB BANK AND ITS SEPARATION FROM LBG IN 2011..ON 30 JUNE 2015, TSB BECAME PART OF BANKING GROUP SABADELL..TSB TODAY SERVES OVER 5 MILLION CUSTOMERS, WITH COMPREHENSIVE DISTRIBUTION AND PRODUCT CAPABILITIES, INCLUDING 550 BRANCHES ACROSS THE UK. .  Full Article

Sabadell Says TSB CEO Steps Down
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - Banco de Sabadell SA ::INFORMS THAT TSB BANKING GROUP PLC. HAS ANNOUNCED THAT ITS CHIEF EXECUTIVE (CEO) WILL BE STEPPING DOWN FROM HIS POSITION.SAYS RICHARD MEDDINGS, CURRENT NON EXECUTIVE CHAIRMAN OF TSB, WILL TEMPORARILY TAKE ON THE ROLE OF EXECUTIVE CHAIRMAN.  Full Article

Britain's Tsb Bank Announces Interest Rate Changes Following Bank Of England Base Rate Rise
Tuesday, 7 Aug 2018 

Banco de Sabadell SA ::BRITAIN'S TSB BANK ANNOUNCES INTEREST RATE CHANGES FOLLOWING BANK OF ENGLAND BASE RATE RISE.TSB SAYS VARIABLE MORTGAGE RATES WILL INCREASE BY 0.25 PERCENT.TSB SAYS VARIABLE SAVINGS RATES FOR CHILDREN WILL INCREASE BY 0.25 PERCENT, OTHER SAVINGS RATES BY 0.10 PERCENT.  Full Article

Sabadell Says It Expects 2019 To Be Normalised Year For TSB
Friday, 27 Jul 2018 

July 27 (Reuters) - Banco de Sabadell SA ::SAYS 2019 IS EXPECTED TO BE A NORMALIZED YEAR FOR TSB.  Full Article

Sabadell H1 Net Profit 120.6 Mln Euros
Friday, 27 Jul 2018 

July 27 (Reuters) - Banco de Sabadell SA ::H1 NET INTEREST INCOME 1.81 BILLION EUROS .Q2 NET LOSS 138.7 MILLION EUROS.COSTS RELATED TO TSB GLITCH 203.1 MILLION EUROS.H1 NET PROFIT 120.6 MILLION EUROS.Q2 NET INTEREST INCOME 898.6 MILLION EUROS.BAD LOAN RATIO 4.71 PERCENT AT END-JUNE.RETURN ON TANGIBLE EQUITY (ROTE) 1.77 PERCENT AT END-JUNE.CET 1 FULLY LOADED 11.0 PERCENT AT END-JUNE.  Full Article

Banco Sabadell Sells 2.30 Bln Euro Loan Portfolio To Deutsche Bank And Carval
Tuesday, 24 Jul 2018 

July 25 (Reuters) - Banco de Sabadell SA ::SAID ON TUESDAY IT HAD REACHED AN AGREEMENT FOR THE TRANSFER OF A PORTFOLIO OF LOANS WITH AN AGGREGATE OUTSTANDING BALANCE OF ABOUT 2.30 BILLION EUROS TO DEUTSCHE BANK AND TO CARVAL INVESTORS .TRANSACTION WILL CREATE A NEGATIVE IMPACT OF ABOUT 3 BASIS POINTS ON THE CAPITAL RATIO OF COMMON EQUITY TIER 1 (FULLY LOADED) OF THE BANK, WHICH WILL INCLUDE ADDITIONAL PROVISIONS WITH A NET IMPACT OF ABOUT 32 MILLION EUROS IN THE RESULTS.TRANSACTION WILL BE CLOSED ONCE THE RELEVANT AUTHORIZATIONS ARE OBTAINED AND THE RELEVANT CONDITIONS ARE FULFILLED.  Full Article

Sabadell Sells Two Real Estate Portfolios Of Net Book Value of 3.90 bln euros
Thursday, 19 Jul 2018 

July 19 (Reuters) - Banco de Sabadell SA ::SAYS THAT IT HAS REACHED AN AGREEMENT TO TRANSFER TWO REAL ESTATE PORTFOLIOS.THE TRANSFER OF ALMOST THE WHOLE OF ITS REAL ESTATE EXPOSURE TO AN AFFILIATE OF CERBERUS CAPITAL MANAGEMENT.REAL ESTATE ASSETS INCLUDED IN TRANSACTION HAVE GROSS BOOK VALUE, ALTOGETHER, OF ABOUT €9.10 BILLION AND A NET BOOK VALUE, ALTOGETHER, OF ABOUT €3.90 BILLION.TRANSACTION STRUCTURED THROUGH TRANSFER OF TWO REAL ESTATE PORTFOLIOS TO ONE OR MORE NEWLY INCORPORATED COMPANIES.CERBERUS, DIRECTLY OR INDIRECTLY, OWNS A 80% INTEREST IN THE NEW CO'S SHARE CAPITAL AND SABADELL THE REMAINING 20 PERCENT.SOLVIA SERVICIOS INMOBILIARIOS TO REMAIN WHOLLY OWNED BY SABADELL, TO CONTINUE TO SERVICE ON AN EXCLUSIVE BASIS THE REAL ESTATE ASSETS INCLUDED TO TRANSACTION.TRANSACTION WILL CREATE POSITIVE IMPACT OF CIRCA 13 BASIS POINTS ON CAPITAL RATIO OF COMMON EQUITY TIER 1 (FULLY LOADED).TRANSACTION CONTRIBUTES POSITIVELY TO ENHANCING PROFITABILITY OF BANCO SABADELL GROUP, REQUIRING THE RECOGNITION OF ADDITIONAL PROVISIONS WITH NET IMPACT OF €92 MILLION.  Full Article

Sabadell's CEO says it is too early to evaluate impact of TSB IT outage
Thursday, 26 Apr 2018 

April 26 (Reuters) - Banco de Sabadell SA CEO Jaime Guardiola::Says it is too early to evaluate impact of TSB IT outage.  Full Article

Sabadell says is considering selling big real estate asset portfolios
Thursday, 26 Apr 2018 

April 26 (Reuters) - Chief executive officer of Banco de Sabadell Jaime Guardiola::Says the bank is analyzing selling large real estate asset portfolios.  Full Article

Banco Sabadell Sells Hi Partners Holdco Value Added To Halley Bidco For 630.7 Mln Euros
Friday, 22 Dec 2017 

Dec 22 (Reuters) - BANCO DE SABADELL SA ::SAYS COMPLETES SALE OF 100 PERCENT OF HI PARTNERS HOLDCO VALUE ADDED TO HALLEY BIDCO FOR 630.7 MILLION EUROS.DEAL GENERATES A BENEFIT OF ABOUT 50 MILLION EUROS IN RESULTS OF BANCO SABADELL FOR FY 2017.  Full Article

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MPs criticise RBS and Barclays for online banking outages

Royal Bank of Scotland apologised for outages that hit its online and mobile banking services on Friday, the latest in a string of such failings at British banks which have drawn criticism from customers and members of parliament.