Banco de Sabadell, S.A. ( Catalan : Banc Sabadell ) is a Spanish multinational financial services company headquartered in Alicante and Barcelona , Spain . It is the 4th-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 .
11-396: Sabadell Solbank was a Spanish bank owned by Banco de Sabadell , which focussed on retail banking for Europeans living in the coastal areas of southern Spain. In 2014, it was fully integrated into the parent company. Banco NatWest March S.A. was formed as a joint venture between Banca March S.A. and National Westminster Bank in 1985. In 1989, NatWest purchased a controlling interest in
22-734: 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
33-606: Is floated on the Bolsa de Madrid and is part of the IBEX 35 . Banco Sabadell has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank . 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
44-565: 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
55-430: 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). On 31 December 1881, a group of 127 businessmen and traders from Sabadell , in
66-788: 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,
77-972: The Economy Ministry has the power to block any merger or acquisition of a bank, meaning that the Spanish government has six months to decide whether to block this takeover. 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 , Mexico City , 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 . The members of
88-551: The Spanish operation to Banco Sabadell, with the Lloyds Bank name used under temporary licence. This bank was renamed Sabadell Solbank S.A.U. in November 2013, before being fully integrated into Banco Sabadell on 15 March 2014. Banco de Sabadell As of March 2022, the total assets of Banco Sabadell Group amounted to €253,256 billion. It has a network of 1,594 branches, 18,985 employees and 12.1 million customers. Since 2001, it
99-478: 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. In May 2024, BBVA presented a $ 13.11 billion takeover bid directly to Sabadell's shareholders. However,
110-510: The network of mainland branches changing its name to Banco NatWest España S.A. in 1990. In 1996, Grupo Banco Sabadell acquired Banco NatWest España for £123m, integrating it with its Banco de Asturias subsidiary to form Solbank SBD S.A. in 1997. In 2001, Solbank SBD was legally absorbed into Banco Sabadell, with its branches continuing to operate under the Solbank brand (Sabadell Solbank from 2010) for marketing purposes. Banco Halifax Hispania S.A.U.
121-595: Was established in 1993, mainly serving about 50,000 British expatriate mortgage customers. In 1997, the Halifax Building Society demutualised and, in 2001, it merged with the Bank of Scotland to form HBOS . In 2010, following the acquisition of HBOS by Lloyds TSB Group (subsequently renamed Lloyds Banking Group ), Lloyds TSB Spain and Banco Halifax's 28 branches became Lloyds Bank International S.A.U. In April 2013, Lloyds Banking Group reached an agreement to sell
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