Banco Sabadell

Banco de Sabadell, S.A.
Sociedad Anónima
Traded as BMAD: SAB
Industry Financial services
Founded Sabadell, Spain (December 31, 1881 (1881-12-31))
Headquarters Sabadell, Spain
Key people
Products Banking, bancassurance, asset management
Total assets €208.6 billion (2016)
Number of employees
26,090 (2016)

Banco de Sabadell, S.A. (Catalan: Banc Sabadell) is a banking group headquartered in Sabadell, Spain. It is the fifth-largest Spanish banking group.[1] It includes several banks, brands, subsidiaries and associated banks. It is a universal bank and specialises in serving small and medium enterprises (SMEs) and the affluent with a bias towards international trade.

As of January 2016, the total assets of Banco Sabadell Group amounted to €208,628 billion. It has a network of 2,873 branches (2,204 domestic and 669 international), 26,090 employees and 11.4 million customers. It is quoted on the Bolsa de Madrid and forms part of the IBEX 35.

Strategic plan

In February 2014, Banco Sabadell started its 2014-2016 business plan, Triple, that aims to leverage its new size and margin-generating capability. The main goal of the 2014-2016 Triple Plan is profitability. Key themes of the new plan are transformation (transformation of the business, transformation of the production process and transformation of the balance sheet) and internationalization (laying the foundations for becoming more international in terms of structure and resources and entering new markets).


Banc Sabadell headquarters in Sant Cugat del Vallès

On 31 December 1881, a group of 127 businessmen and traders from Sabadell Barcelona founded the Bank with the purpose of financing local industries and providing them with raw materials (wool and coal) under more favourable conditions.

In 1907, Banco Sabadell began a new stage: it ended its non-banking businesses to focus on commercial banking. In 1953, in order to preserve the organisation's independence, the shareholders created a share syndication agreement.

In 1965, Banco Sabadell slowly spread to nearby towns. In 1975, it expanded beyond Catalonia, opening a branch in Madrid. In 1978, Banco Sabadell expanded internationally, initially in the City of London.

The bank is a pioneer in bank computing in Spain. In 1968, it automated accounting and administrative processes. In 1986, it introduced remote banking: the telephone (FonoBanc) and computer (InfoBanc) were incorporated as new channels for communication and service providision. In 1998, it launched BancSabadell Net, Spain's first Internet banking service.

In 1988, Sabadell MultiBanca, later Sabadell Banca Privada, opened, specialising in equity management and private banking and the Banco Sabadell group was formed.

In 1996, Banco Sabadell started a new expansion phase, increasing its size and operating capacity.

Banco Sabadell went public in 2001 and became a member of the IBEX 35 in 2004.

Since 2007, the Bank has doubled in size and is currently Spain's fifth largest bank. Acquisitions include NatWest Spain, Banco Herrero, Banco Atlántico, Banco Urquijo, TransAtlantic Bank, Private Banking Business of BBVA (US), Mellon United National Bank, Banco Guipuzcoano, Lydian Private Bank, Banco CAM, Banco Mare Nostrum (BMN) network in Catalonia and Aragon, Lloyds TSB Spain, Banco Gallego, Lloyds TSB Miami and JGB Bank.




Branch network

At the end of the year 2014, Banco Sabadell operated through 2,310 branches and had 17,529 employees.

Banco Sabadell 53 international branches and representative offices in Argel, Peking, Caracas, Dubai, Istanbul, México DF, New York, New Delhi, Santo Domingo, São Paulo, Shanghai, Singapore and Warsaw.

Banco Sabadell has subsidiaries and associated Banks in Andorra, United States, Portugal, United Kingdom; and branches in London, Miami, Paris, Hendaye and Casablanca.

Board of Directors

The members of the Board of Directors of Banco Sabadell are:

Position Name
Chairman Josep Oliu Creus
Deputy Chairmen Javier Echenique Landiribar
Managing Director Jaime Guardiola Romojaro
Director Héctor María Colonques Moreno
Director Joaquín Folch-Rusiñol Corachán
Director Mª Teresa García-Milà Lloveras
Director Joan Llonch Andreu
Director David Martínez Guzmán
Director Aurora Catá Sala *
Director José Manuel Martínez Martínez
Director José Ramón Martínez Sufrategui
Director António Vitor Martins Monteiro
Director José Luis Negro Rodríguez
Director José Permanyer Cunillera

Secretary to the Board Miquel Roca i Junyent. Deputy Secretary María José García Beato.*To be ratified at the next shareholders' meeting .

Shareholder structure

By tranches (n. % of equity) Other information
Up to 120,000 shares 37% Number of shares 4.024.460.614
More than 120,000 shares 63% Number of shareholders 231.481


  1. "TSB confirms £1.7bn takeover move by Spain's Sabadell". BBC News. 12 March 2015. Retrieved 14 March 2015.
  2. "Lloyds to sell Spanish retail division to Sabadell". BBC News. 29 April 2013. Retrieved 29 April 2013.
  3. "Legal Documentation". Lloyds Bank International. 2013. Retrieved 19 September 2013.
  4. "Information on the integration process with Banco Sabadell". Banco Sabadell. February 2014. Retrieved 2 March 2014.

External links

Wikimedia Commons has media related to Banc Sabadell.
This article is issued from Wikipedia - version of the 10/1/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.