History 1

Cabecera Banc de Sabadell

History

  • 1881 - 1939
      • Foundation and early years

        In 1881, a group of businessmen from the city of Sabadell founded the Banco de Sabadell with capital of ten million pesetas. The first years were characterised by the Bank’s active involvement in the wool and coal trade, which it would later abandon at the beginning of the twentieth century to focus exclusively on financial services. The 1920s and 1930s were characterised by the economic crisis, political instability and social conflicts – challenges that the Bank would overcome thanks to the good governance learned from the crisis of confidence that the organisation experienced in 1926.
  • 1940 - 1979
      • Territorial expansion

        In the 1940s, the Bank focused its activities to stabilise its situation and go back to normal after the Spanish Civil War. Years later, the Bank had already earned a high degree of confidence. The country’s economic turnaround allowed the Bank to grow its operations and share capital until, in 1965, it opened its first office outside Sabadell, in Sant Cugat del Vallès, Catalonia. From then on, the Bank’s offices expanded to new nearby towns and to Barcelona. Soon after, it opened the first office in Madrid, and at the end of the 1970s, the first international delegation opened its doors in London.
  • 1980 - 1995
      • From local bank to business group

        The last two decades of the twentieth century were characterised by two transformational levers. First, technology, the Bank’s big bet that enabled the company to consolidate the computerisation of its processes and implement data teleprocessing. Second, its restructuring as a business group, thanks to the creation of subsidiaries that provided an answer to the need for specialisation of an increasingly wide and more internationalised commercial network. In the 1990s, the Bank underwent a corporate rebranding and “Banco Sabadell” was born, taking out the “de” preposition, as the new trademark.
  • 1996 - 2007
      • The journey to listed bank and the first acquisitions

        In 1996, the Bank agreed the first inorganic operation of the organisation with the acquisition of the NatWest Spain Group. The new century began with the acquisition of Banco Herrero and with the organisation’s IPO on 18th April 2001. In 2003, the Bank acquired Banco Atlántico, which meant a substantial size increase that made Banco Sabadell one of the main organisations in the Spanish market. In 2004, the Bank’s shares began trading in the IBEX 35 index. In 2006, the Bank agreed the acquisition of Banco Urquijo and in 2007 that of Miami’s Transatlantic Bank.
  • 2008 - 2020
      • The jump to a universal and geographically diversified bank

        Banco Sabadell positioned itself as a buyer during the banking concentration process caused by the big financial crisis that erupted in 2008 with the collapse of Lehman Brothers. In Spain, the Bank acquired Banco Guipuzcoano (2010), Banco CAM (2011), the Catalonia and Aragon office network of the former Caixa Penedès (2012), Banco Gallego and Lloyds’ Spanish business (2013). Additionally, the Bank began an ambitious internationalisation process that materialised with the acquisition of the British bank TSB in 2015 and the creation of a new bank in Mexico in 2016. During these last ten years, the Bank has become one of the largest organisations in Spain’s financial system, tripling its size, geographically diversifying its business and multiplying its customer base by six – all while safeguarding its soundness and liquidity.