Banco Sabadell

Banco de Sabadell, S.A. () is a Spanish multinational financial services company headquartered in Alicante and Barcelona, Spain. It is the fifth-largest Spanish banking group. 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 floated on the Bolsa de Madrid and is 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).
History.
On 31 December 1881, a group of 127 businessmen and traders from Sabadell, in the province of 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 prodivision. 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.
On 5 October 2017, the board of Banco Sabadell decided in an emergency session to move their legal base to Alicante in response to growing political insecurity in Catalonia. A few days later, the bank decided to move its fiscal domicile to Alicante too.
In December 2018, it was announced the selling of 80% of Solvia to Intrum.
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 Algiers, 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:
Secretary to the Board Miquel Roca i Junyent. Deputy Secretary María José García Beato.*To be ratified at the next shareholders' meeting .