Banco Sabadell

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Banco Sabadell, S.A.
Sociedad Anónima
Traded asBMADSAB
IndustryFinancial services
FoundedSabadell, Spain (December 31, 1881 (1881-12-31))
HeadquartersSabadell, Spain
Key people
ProductsBanking, bancassurance, asset management
Number of employees
17,529 (end 2013)
SubsidiariesLloyds Bank International
Websitewww.grupbancsabadell.com
 
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Banco Sabadell, S.A.
Sociedad Anónima
Traded asBMADSAB
IndustryFinancial services
FoundedSabadell, Spain (December 31, 1881 (1881-12-31))
HeadquartersSabadell, Spain
Key people
ProductsBanking, bancassurance, asset management
Number of employees
17,529 (end 2013)
SubsidiariesLloyds Bank International
Websitewww.grupbancsabadell.com


Banco Sabadell; Catalan: Banc Sabadell is the fourth-largest private banking group. It includes several banks, brands, subsidiaries and associated banks.

Large domestic universal banking, with a well known franchise, Banco Sabadell is a specialised player in SMEs & affluents individuals with a bias towards international trade.

The strategic lines of Banco Sabadell are set forth in its three-year strategic plans. In February 2014, Banco Sabadell started its 2014-2016 business plan, Triple, that aims to extract value from the customer base by leveraging 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, resources, etc. and entering new markets).

As of December 2014, the total assets of Banco Sabadell Group amounted to €163,346 million. It has a network of 2,320 branches (2,267 domestic and 53 international),17,529 employees and 6.4 million customers.

It is quoted on the Madrid Stock Market (SAB) and forms part of the IBEX 35.

History[edit]

Banc Sabadell headquarters in Sant Cugat del Vallès

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.

In 1907, Banco Sabadell began a new stage: it wound up the non-banking businesses to focus its activities on commercial banking. In 1953, in order to preserve the organisation's independence, the shareholders constituted a share syndication agreement.

In 1965 Banco Sabadell started its territorial expansion, slowly spreading to the nearby towns. In 1975, it started to expand beyond Catalonia, opening a branch in Madrid. In 1978, Banco Sabadell started the International expansion: the first branch abroad was opened in the heart of the City of London.

Banco Sabadell is well known for being a pioneer in bank computing in Spain. In 1968, it incorporated new technology in accounting and administrative processes. In 1986, it introduced remote banking: the telephone (FonoBanc) and computer (InfoBanc) were incorporated as new channels for communication and providing service to clients. In 1998, it launched BancSabadell Net, the first Internet banking service.

In 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.

In 1996 Banco Sabadell started a new expansion phase, increasing its dimension and operating capacity. Since 2007 the Bank has doubled in size and become fifth bank in Spain. Since that moment, Banco Sabadell has acquired and integrated other entities to the Group (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 network in Spain, Banco Gallego, Lloyds TSB Miami and JGB Bank).

Banco Sabadell was floated on the stock market, in 2001 and became a member of the IBEX 35 in 2004.

Cronology[edit]

Bank brands[edit]

Subsidiaries[edit]

Branch network[edit]

At the end of the year 2014 Banco Sabadell operates through 2,310 branches and has 17,529 employees.[2]

Banco Sabadell has also an international presence (53 branches) and representative offices in Argel, Peking, Caracas, Dubai, Istanbull, México DF, New York, New Delhi, Santo Domingo, São Paulo, Shanghái, Singapore and Warsaw.

Banco Sabadell also has subsidiaries and associated Banks in Andorra]], United States]], Portugal; and branches in London, Miami, Paris, Hendaya and Casablanca.

Board of Directors[edit]

The members of the Board of Directors of Banco Sabadell are:

PositionName
ChairmanJosep Oliu Creus
Deputy ChairmenJavier Echenique Landiribar
Managing DirectorJaime Guardiola Romojaro
DirectorHéctor María Colonques Moreno
DirectorJoaquín Folch-Rusiñol Corachán
DirectorMª Teresa García-Milà Lloveras
DirectorJoan Llonch Andreu
DirectorDavid Martínez Guzmán
DirectorAurora Catá Sala *
DirectorJosé Manuel Martínez Martínez
DirectorJosé Ramón Martínez Sufrategui
DirectorAntónio Vitor Martins Monteiro
DirectorJosé Luis Negro Rodríguez
DirectorJosé Permanyer Cunillera

Secretary to the Board Miquel Roca i Junyent.Deputy Secretary María José García Beato.*To be ratified at the next shareholders' meeting .

Shareholder structure[edit]

By tranches (n. % of equity)Other information
Up to 120,000 shares37%Number of shares4.024.460.614
More than 120,000 shares63%Number of shareholders231.481

References[edit]

External links[edit]

  1. ^ Chevalier, Michel (2012). Luxury Brand Management. Singapore: John Wiley & Sons. ISBN 978-1-118-17176-9.