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Banco de Sabadell SA (SABE.MC)

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

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Latest Key Developments (Source: Significant Developments)

Sabadell Closes Sale Of 80 Pct Of Solvia To Intrum Holding Spain
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Banco de Sabadell SA ::CLOSES SALE OF 80% OF SHARE CAPITAL OF SOLVIA SERVICIOS INMOBILIARIOS TO INTRUM HOLDING SPAIN.TRANSACTION PRICE AMOUNTED TO 241 MILLION EUROS, CORRESPONDING TO EQUITY VALUE OF 300 MILLION EUROS FOR ENTIRE SHARE CAPITAL OF SOLVIA.THIS PRICE MAY INCREASE BY UP TO 40 MILLION EUROS IF CONDITIONS RELATING TO EVOLUTION OF SOME OF SOLVIA'S BUSINESS LINES ARE MET.TRANSACTION GENERATED CAPITAL GAIN OF 138 MILLION EUROS AND A POSITIVE IMPACT OF 15 BASIS POINTS ON CET 1 (FULLY-LOADED) CAPITAL RATIO.  Full Article

Sabadell Transfers Its 5 Pct Stake In Banco GNB Sudameris To Glenoaks
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Sabadell ::SAYS TRANSFERRED TO GLENOAKS INVESTMENTS ITS SHARES IN BANCO GNB SUDAMERIS.SAYS TRANSFERRED 8.2 MILLION SHARES OF COLOMBIA'S BANCO GNB SUDAMERIS, REPRESENTING 4.99 PERCENT OF SHARE CAPITAL FOR $60.4 MILLION.SAYS TRANSACTION WAS EXECUTED AS PART OF CALL OPTION GRANTED BY SABADELL TO STARMITES CORPORATION IN OCT. 2015.  Full Article

Britain's TSB Bank Says 2018 Results Was Heavily Impacted By IT Migration & Service Disruption
Friday, 1 Feb 2019 

Feb 1 (Reuters) - TSB Bank :BRITAIN'S TSB BANK SAYS TSB’S STATUTORY LOSS BEFORE TAX FOR 2018 WAS £105.4 MILLION, AGAINST A PROFIT OF £162.7 MILLION IN 2017.TSB BANK - STATUTORY LOSS BEFORE TAX FOR 2018, REFLECTS IMPACT OF ISSUES FOLLOWING THE BANK’S IT MIGRATION.TSB BANK - AT 31 DECEMBER 2018, TSB’S TOTAL CUSTOMER LENDING WAS £30.0 BILLION AND TOTAL CUSTOMER DEPOSITS STOOD AT £29.1 BILLION.TSB BANK - FY COMMON EQUITY TIER 1 CAPITAL RATIO AND LIQUIDITY COVERAGE RATIO AT 19.5% AND 298.1% RESPECTIVELY, WITH LOAN TO DEPOSIT RATIO AT 103.2%.TSB BANK - AROUND 140,000 CUSTOMERS OPENED A NEW BANK ACCOUNT OR SWITCHED THEIR ACCOUNT TO TSB IN 2018.TSB BANK - TSB CURRENTLY HAS 3.8 MILLION CURRENT ACCOUNT CUSTOMERS AND OVER FIVE MILLION CUSTOMERS IN TOTAL.TSB BANK - BOARD AWARDED TSB PARTNERS (EXCLUDING EXECUTIVES) £1,500 EACH IN DECEMBER; HAS DECIDED THAT NO OTHER BONUSES WILL BE PAID FOR 2018.TSB BANK - CO IS GOING TO MAKE A SIGNIFICANT MOVE INTO BUSINESS BANKING.TSB BANK SAYS HAVE A MULTI-MILLION-POUND INVESTMENT PROGRAMME UNDERWAY.TSB BANK SAYS TSB’S FINANCIAL PERFORMANCE IN 2018 WAS HEAVILY IMPACTED BY THE IT MIGRATION AND SUBSEQUENT SERVICE DISRUPTION.TSB BANK SAYS IN 2018 TSB RECOGNISED ADDITIONAL POST-MIGRATION COSTS AND FOREGONE INCOME TO THE VALUE OF £330.2 MILLION.TSB BANK - ECONOMIC AND MARKET CONDITIONS REMAIN UNCERTAIN FOR A RANGE OF REASONS, INCLUDING THE UK’S EXIT FROM THE EU.TSB BANK - TSB IS WELL POSITIONED TO WEATHER ECONOMIC UNCERTAINTY OR SHOCKS.  Full Article

Sabadell FY Net Profit 328.1 Mln Euros
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Banco de Sabadell SA ::FY NET INTEREST INCOME 3.68 BILLION EUROS.FY NET PROFIT 328.1 MILLION EUROS.BAD LOAN RATIO 4.22 PERCENT AT END-DECEMBER.PROFORMA CET 1 FULLY LOADED 11.3 PERCENT AT END-DECEMBER.IMPACT FROM ONE-OFFS AT 637.1 MILLION EUROS IN FY.FY NET PROFIT EXCLUDING ONE-OFFS UP 9.6 PERCENT AT 783.3 MILLION EUROS YEAR ON YEAR.TO PAY COMPLEMENTARY DIVIDEND OF 0.01 EUROS PER SHARE.  Full Article

Sabadell Ex-TSB Is On Track To Meet Its 2020 Targets
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Banco de Sabadell SA ::Q4 NET INTEREST INCOME 932.4 MILLION EUROS.Q4 NET PROFIT 80.3 MILLION EUROS.NON-RECURRING COSTS AMOUNT TO 246.0 MILLION EUROS IN YEAR AND 33.2 MILLION EUROS IN QUARTER MAINLY FOR EXTRAORDINARY COSTS RELATED WITH MIGRATION AND POSTMIGRATION OF TSB.SAYS EX-TSB PERFORMED IN LINE WITH EXPECTATIONS AND IS ON TRACK TO MEET ITS 2020 BUSINESS PLAN TARGETS EX-TSB.SAYS NPL RATIO WELL ON TRACK TO MEET 2020 TARGET OF BELOW 3.0%.  Full Article

Sabadell To Pay Gross Complementary Dividend Of 0.01 Euro/Shr
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Banco de Sabadell SA ::TO PAY GROSS COMPLEMENTARY DIVIDEND OF 0.01 EUROS PER SHARE.  Full Article

Sabadell: Solvia Operation To Generate Capital Gain Of 138 Mln Euros
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Sabadell ::SOLVIA OPERATION WILL GENERATE A CAPITAL GAIN OF EUR 138 MILLION.DEAL WILL HAVE A POSITIVE IMPACT OF 15 BASIS POINTS ON ITS COMMON EQUITY TIER 1.PRICE FOR 80 PERCENT STAKE MAY INCREASE IN UP TO EUR 40 MILLION PROVIDED THAT CONDITIONS REGARDING EVOLUTION OF CERTAIN SOLVIA’S BUSINESS UNITS ARE MET.EXPECTS CLOSING OF THE TRANSACTION TO OCCUR IN THE SECOND QUARTER OF 2019.  Full Article

Intrum Acquires Banco Sabadell's Real Estate Servicer, Solvia
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Intrum AB ::INTRUM ACQUIRES BANCO SABADELL'S REAL ESTATE SERVICER, SOLVIA.HAS AGREED WITH BANCO SABADELL TO ACQUIRE THEIR WHOLLY OWNED SUBSIDIARY SOLVIA SERVICIOS INMOBILIAROS.ENTERPRISE VALUE OF APPROXIMATELY EUR 300M..TRANSACTION IS CONDITIONAL UPON CUSTOMARY APPROVALS BY AUTHORITIES AND IS EXPECTED TO CLOSE DURING Q1 2019.TRANSACTION IS SUPPORTIVE OF INTRUM'S LONG TERM 2020 TARGETS.TRANSACTION IS EPS (EARNINGS PER SHARE) ACCRETIVE.TRANSACTION DELIVERS STRONG CASH FLOWS WHICH WILL REDUCE NET DEBT/EBITDA IN 2020.TRANSACTION WILL BE FUNDED THROUGH EXISTING FACILITIES AND AVAILABLE LIQUIDITY.INTRUM - INITIAL PAYMENT OF APPROXIMATELY EUR 190M IN Q1 2019 AND A DEFERRED PAYMENT OF APPROXIMATELY EUR 50M TO FOLLOW IN 2022.  Full Article

Sabadell says process to name new TSB CEO ongoing, expects decision soon
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Banco de Sabadell SA ::SAYS PROCESS TO NAME A NEW CEO AT TSB IS ONGOING, EXPECTS THIS TO HAPPEN SOON.  Full Article

Sabadell Q3 Net Profit At 127 Mln Euros
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Banco de Sabadell SA ::9-MONTH NET INTEREST INCOME 2.74 BILLION EUROS.Q3 NET INTEREST INCOME 932.6 MILLION EUROS.BAD LOAN RATIO 4.50 PERCENT AT END-SEPT.9-MONTH NET PROFIT 247.8 MILLION EUROS.Q3 NET PROFIT 127.2 MILLION EUROS.RETURN ON TANGIBLE EQUITY (ROTE) 2.41 PERCENT AT END-SEPT.CET 1 FULLY LOADED 11.0 PERCENT AT END-SEPT.  Full Article