www.grupobancosabadell.com
Investor Relations > Executive Summary


Main figures 30/06/04
    The BS Share (SAB)
Total assets - millions of € 44.139,3
Net profit - millions of € 159,9
Number of shares (15/03/04) 306.003.420
Number of branches 1.174
Number of employees 9.975

 Download financial data (456Kb) 

 
Price
Variation %
Capitalisation
Million of €
Markets

Barcelona
Madrid
Valencia


Strategies and objectives

The Group develops a client-oriented universal banking model in Spain. Starting from selective criteria of adaptation to the market and with strict quality risk policies, the Group operates under several brands which offer proposals of differentiated values.

History

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

1907
Banco Sabadell began a new stage: it wound up the non-banking businesses to focus its activities on commercial banking.

1953
In order to preserve the organisation's independence, the shareholders constituted a share syndication agreement.

1965
Territorial expansion started, slowly spreading to the nearby towns.

1968
A pioneer in bank computing in Spain, it incorporated new technology in accounting and administrative processes.

1975
It started to expand beyond Catalonia, opening a branch in Madrid.

1978
International expansion: the first branch abroad was opened in the heart of the City of London.

1986
Introduction of remote banking: the telephone (FonoBanc) and computer (InfoBanc) were incorporated as new channels for communication and providing service to clients.

1988
Sabadell MultiBanca, subsequently known as Sabadell Banca Privada, a bank specialising in equity management and private banking was set up and the Banco Sabadell Group was formed.

1996
NatWest España Group was taken over, adopting the commercial name of Solbank, at the same time entailing the incorporation of Banco de Asturias. With this, Banco Sabadell Group increased its dimension and operating capacity, becoming sixth in Spain's bank ranking in terms of client resources.

1998
BancSabadell Net was launched, the first Internet banking service.

2000
An exchange of shares with Banco Comercial Portugués (BCP) was formalised and "la Caixa" became the major shareholder in Banco Sabadell. Banco Herrero was incorporated in the Group which consolidated its position in fourth place in the Spanish ranking of banks.

2001
Banco Sabadell was floated on the stock market, starting a new stage.

2002
The Group has entered the new millennium with a strengthened organisation and a multi-brand and multi-channel strategy, with new business lines, a clear client-based focus and with consolidation and growth as its objectives.

2003
Banco Sabadell launches a takeover bid for 100% of the capital of Banco Atlántico, S.A.

2004
A capital increase to finance the acquisition of Banco Atlántico and the execution of the purchase.




© Banco de Sabadell, S.A. 2003