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SAB — Banco de Sabadell News Story

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Brief: Sabadell Sees Room For Deals, But Conditions Not Materializing In Near Future

BRIEF-Sabadell Sees Room For Deals, But Conditions Not Materializing In Near Future

- Chief Executive Officer of Sabadell SABE.MC Marc Armengol:

  • SCALE IS IMPORTANT, THERE IS ROOM FOR DEALS, BUT BANK DOES NOT SEE OPPORTUNITIES OR CONDITIONS MATERIALIZING IN NEAR FUTURE

  • BANK SEES OPPORTUNITIES FOR GROWTH IN CONSUMER LENDING

  • BANK EXPECTS LOW-SINGLE DIGIT GROWTH IN MORTGAGES, MID-SINGLE DIGIT GROWTH IN SMES, CORPORATES, AND DOUBLE DIGIT GROWTH IN CONSUMER LOANS

  • BANK IS COMMITTED TO DISTRIBUTE TO SHAREHOLDERS ANY EXCESS ABOVE 13% CAPITAL RATIO


Further company coverage: SABE.MC


(Reporting By Madrid Newsroom)

((emma.pinedo@thomsonreuters.com;))

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