Sabadell Bank Cuts Almost 30% Profit Until March for Lower Interest Rates and Pre-Retirement Plan
12 Articles
12 Articles
His CEO until Wednesday, César González-Bueno, would see positive mergers in Spain without Santander, BBVA and Caixabank, because "they are already big enough"The big banks close the best first quarter of their history: they earn 10.815 million between January and March Banco Sabadell steps on the brakes with mortgages. It does so at a time where its net result has been resented and waiting to see in the coming months the extraordinary revenues …
Banco Sabadell has obtained a net assigned profit of 347 million euros in the first quarter of 2026, including the sales contribution of its British subsidiary TSB for...
Banco Sabadell closed the first quarter of 2026 with a net profit of 347 million euros, which means a decrease of 29.1% compared to the same period of the previous year, weighed by extraordinary costs and the impact of the rate environment. Despite this, the entity defends the solidity of its model and maintains intact its objectives of profitability and remuneration to the shareholder for the next years. The bank led by César González-Bueno mai…
Banco Sabadell obtained a net assigned profit of 347 million euros in the first trimester of 2026, which is 29.1% less in year-on-year. If the sold subsidiary of the United Kingdom, TSB is excluded, the profits were 284 million and the decrease of 28.1%. Some numbers in fall that in some way overshadow the last complete accounts of César González-Good as CEO, since in a few days will give the witness effectively to Marc Armengol as first executi…
Bank Sabadell earns 347 million until March, representing almost 30% less, due to extraordinary costs. From the entity they justify these lower profits as a result of the pre-retirement plan, whose expenditure has risen to 55 million, as well as the coverage of the pound linked to the sale of its British subsidiary, TSB, to Banco Santander, which closed last Friday. However, the profit figure corresponding to the first three months of the year s…
The institution attributes the decrease in the result to the already anticipated fall in the interest margin and the impact of the non-recurring costs of the pre-retirement plan
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