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Banco de Sabadell SA (SABE.MC)

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

1.64EUR
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Banco Sabadell took liquidity from ECB in 1st week October
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Spain's Banco Sabadell ::Says the lender took liquidity from the European Central Bank during the first week of October.Says banking activity came to a halt in the first week of October while the second week was still affected by uncertainty in Catalonia.  Full Article

Banco Sabadell says deposit outflow after Catalonia vote has reversed
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Spain's Banco Sabadell ::Says bank registered deposit outflows following Oct.1 independence referendum in Catalonia though, since then, the situation has been reversed.  Full Article

Sabadell 9-month net profit up 1 pct YoY
Friday, 27 Oct 2017 

Oct 27 (Reuters) - BANCO DE SABADELL ::9-MONTH NET INTEREST INCOME 2.88 BILLION EUROS VERSUS 2.89 BILLION EUROS YEAR AGO.9-MONTH NET PROFIT 654 MILLION EUROS VERSUS 647 MILLION EUROS YEAR AGO.COMMON EQUITY TIER 1 13.2 PERCENT AT END-SEPT VERSUS 12.1 PERCENT AT END-SEPT 2016.Q3 NET PROFIT 203.2 MILLION EUROS VERSUS 221.6 MILLION EUROS YEAR AGO.RETURN ON TANGIBLE EQUITY (ROTE) 7.20 PERCENT AT END-SEPT.Q3 NET INTEREST INCOME 940.9 MILLION EUROS VERSUS 948.4 MILLION EUROS YEAR AGO.NON-PERFORMING LOANS RATIO 5.40 PERCENT AT END-SEPT VERSUS 6.60 PERCENT AT END-SEPT 2016.SAYS MAINTAINS ITS ANNUAL PROFIT OBJECTIVE AT 800 MILLION EUROS.  Full Article

Sabadell to pay interim dividend of 0.02 euros gross per share
Friday, 27 Oct 2017 

Oct 27 (Reuters) - SABADELL ::TO PAY INTERIM DIVIDEND OF 0.02 EUROS GROSS PER SHARE ON DEC. 29‍​.  Full Article

Sabadell sells its hotel management platform for 630.7 mln euro‍​
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - BANCO DE SABADELL SA ::ITS UNIT HOTEL INVESTMENT PARTNERS SELLS 100 PERCENT OF HI PARTNERS HOLDCO VALUE ADDED TO HALLEY HOLDCO FOR 630.7 MILLION EURO‍​.TRANSACTION IS ESTIMATED TO GENERATE NET CAPITAL GAIN OF 55 MILLION EUROS IN THE RESULTS OF THE BANK FOR FY 2017.TRANSACTION TO GENERATE 22 BASIS POINTS OF COMMON EQUITY TIER 1 (CET1).  Full Article

Spain's Sabadell expects to end 2016 with net profit of 780 mlns eur
Friday, 28 Oct 2016 

Spain's Sabadell : Says expects to end 2016 with net profit of around 780 million euros . Says expects net interest income to stabilize and even improve slightly in 2017 . Says will close 90 branches and reduce staff by around 180 employees in Spain in 2016 . Says will continue to focus on cutting costs in 2017 .Says depreciation of pound due to Brexit will reduce group's net profit by 3 percent in fourth quarter.  Full Article

Spain's Banco Sabadell to announce strategic plan in Feb 2017
Friday, 22 Jul 2016 

Banco de Sabadell SA CEO Jaume Guardiola:Says expects to announce new strategic plan in February 2017.  Full Article

Spain's Sabadell says sees no Brexit impact on business
Friday, 22 Jul 2016 

Spain's Sabadell : Says Brexit will have no major impact on business performance . Says expects net interest income to be "resilient" in 2017 . Shares fall by more than 5 percent after earnings Further company coverage: [SABE.MC] (Madrid Newsroom) ((madrid.newsroom@thomsonreuters.com; +34 91 585 21 51;)).  Full Article

Spain's Sabadell says committed to investments in Britain
Friday, 22 Jul 2016 

Spain's Sabadell : Says it continues to be committed to its investments in Britain . Says the synergies expected from its TSB business in the short term due to tech migration are unaffected by the British vote to leave the European Unoin .Says sterling fall since Brexit vote hit group's profits by 0.3 percent.  Full Article

Spain's Sabadell H1 net profit 425 mln euros, misses forecasts
Friday, 22 Jul 2016 

Spain's Banco Sabadell : Says first half net profit was 425 million euros ($468 million) compared to 485 million euros in a Reuters poll . Says first half net interest income was 1.94 billion euros compared to 1.93 billion euros in a Reuters poll . Says its bad loans ratio at the end of June fell to 6.8 percent from 7.5 percent at the end of March .Says its core capital ratio, under Basel III fully-loaded criteria, was 11.8 percent at the end of June, unchanged from the end of March.  Full Article