Description
Banco de Sabadell, S.A., headquartered in Alicante and Barcelona, Spain, stands as a prominent Spanish multinational financial services entity and the fourth-largest banking group in the country. Comprising various banks, brands, subsidiaries, and associated banks, it operates as a universal bank with a focus on catering to small and medium enterprises (SMEs) and the affluent, particularly in the realm of international trade.
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As of March 2022, the total assets of Banco Sabadell Group reached 253.256 billion, supported by a network of 1,594 branches, 18,985 employees, and a customer base of 12.1 million.
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Listed on the Bolsa de Madrid and a member of the IBEX 35 since 2001, Banco Sabadell has held the designation of a Significant Institution under European Banking Supervision since late 2014.
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Embarking on its 2014 – 2016 business plan, Triple, in February 2014, Banco Sabadell aimed to capitalize on its increased scale and margin-generating capabilities. The primary objective of the Triple Plan was to enhance profitability. Central themes of this strategy included business transformation, changes in the production process, and reshaping the balance sheet.
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Simultaneously, the plan emphasized internationalization, laying the groundwork for a more global structure and resources, along with venturing into new markets.
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