About Banco Sabadell
Bankers since 1881, Banco Sabadell has remained faithful to its origins.
Who we are
Established in 1881, Banco Sabadell is, today one of the main entities of the finacial system, Spain’s fifth largest banking group, and holds an important position in the personal and business banking market.
With a young, well qualified staff and equipped with the most up-to-date technology and business systems, Banco Sabadell's operating model is focused on its dual aim of being its customers' main bank and building relationships based on quality and commitment. With a strong focus on lasting and profitable relationships, Banco Sabadell supports its customers through every phase of their financial lives by following a multi-brand, multi-channel and multi-product strategy, providing options and channels that meet their needs and offering a full range of products and services favourable to longterm customer retention.
The Bank's development objectives are focused on profitable growth and the creation of shareholder value through a strategy of business diversification that is subject to periodic review based on quality of service, quality of risk, e∞ciency and profitability while maintaining high standards of ethics and professional conduct combined with sensitivity to stakeholders' interests.
Historical background and recent acquisitions
Since 1996, Banco Sabadell has embarked on a policy of rapid expansion which was particularly notable in recent years, during which it experienced a very major increase in scale.
G1 Landmark developments
1881
A group of 127 businessmen and traders set up the Bank in the town of Sabadell to provide funding for local industry.1965
Steady expansion of branch network begins.1996
Acquisition of NatWest Spain Group and Banco de Asturias.2001
Banco Sabadell is listed on the stock exchange. The Bank acquires Banco Herrero.2003
Successful bid for Banco Atlántico.2004
A capital increase puts the Bank in the IBEX-35 league. Integration of Banco Atlántico IT and business systems.2006
Acquisition of Banco Urquijo.2007
Acquisition of TransAtlanticBank (Miami).2008
The Bank acquires BBVA's private banking business in Miami, USA. Sells 50% of its insurance interests.2009
Acquisition of Mellon United National Bank.2010
The Bank launches a takeover bid for 100% of Banco Guipuzcoano.2011
The Bank acquires the assets and liabilities of Lydian Private Bank (Florida) and announces the takeover of Banco CAM.2012
Acquisition of Banco CAM and creation of Sabadell Urquijo BP.2013
Acquisition of Caixa Penedès and Banco Gallego branches and Lloyds Banking Group's Spanish operations.2014
The Bank begins operations in Mexico.G2 BancoSabadell - foreign market presence
- United Kingdom
- USA
- France
- Morocco
- Algiers (Algeria)
- Sao Paulo (Brazil)
- Beijing (China)
- Shanghai (China)
- New York (USA)
- Dubai (UAE)
- New Delhi (India)
- Mexico City (Mexico)
- Warsaw (Poland)
- Singapore
- Istanbul (Turkey)
- Caracas (Venezuela)
- Santo Domingo (Dominican Republic)
- Andorra
- USA
- Portugal
- Mexico
Banco Sabadell achieved a significant increase in scale in recent years.
T1 Banco Sabadell - changes in key numbers (€Mn.)
| 2007 | 2010 | 2014 | 2014/2007 | |
|---|---|---|---|---|
| Assets | 76,776 | 97,099 | 163,346 | X 2.1 |
| Loans and advances (*) | 63,165 | 73,058 | 121,141 | X 1.9 |
| Deposits (**) | 34,717 | 49,374 | 94,461 | X 2.7 |
| Branches in Spain | 1,225 | 1,428 | 2,267 | X 1.9 |
| Employees | 10,234 | 10,777 | 17,529 | X 1.7 |
| (*) | Gross loans and advances excluding repos. |
| (**) | On-balance sheet customer funds. |
Banco Sabadell has always been seen by customers as a vital partner in cross-border transactions and foreign trade. The Bank's current 3-year plan ("Triple" — see the section on "Strategy" below) includes international expansion as a key theme. The Bank commenced operations in Mexico in June 2014, with the result that it had a presence in 17 countries through branches, representative offices, subsidiaries and equity holdings at the end of 2014.
Mission and values
Banco Sabadell's mission is to develop its business as a full-service bank with a focus on specialization based on a programme of selective growth and a customer-centred approach.
Banco Sabadell believes in long-term relationships centred on values such as trust, authenticity and communication. This means that it manages its affairs at all times according to a series of corporate values, namely: a desire to serve, closeness, flexibility, business focus, innovation, professionalism, ethical conduct and social responsibility, austerity, prudence and teamwork.