Banco Sabadell (Spanish: [ˈbaŋko saβaˈðel]; Catalan: Banc Sabadell[ˈbaŋ səβəˈðeʎ]) is the fourth-largest banking group funded by private Spanish capital. It includes several banks, brands, subsidiary and holding companies spanning the whole range of financial business. As of late, Banco Sabadell has partnered with international mobile payment technologies company Carta Worldwide to assert themselves in the growing market of digital wallets and mobile payments.
Specialising in commercial banking, it has a significant penetration in the company and medium and high level private customer market. It has a network of 2,418 offices employing a total of 18,077 staff. It is quoted on the Madrid Stock Market (SAB) and forms part of the IBEX 35 index.
2013: Acquisition of Banco Gallego and Lloyds Banking Group's retail and private banking business and the local investment management business in Spain, Lloyds Bank International. Lloyds is selling its loss-making Spanish operations for a 1.8% stake in Sabadell, worth about €84 million, plus an additional sum of up to €20 million euros over the next five years.
SabadellAtlántico: the group’s leading brand in the Spanish market. Present throughout Spain except in SabadellGuipuzcoano and Banco Herrero territories. Involved in commercial (mainly retail) and corporate banking.
SabadellGuipuzcoano: formerly Banco Guipuzcoano. The group’s brand in Navarre, La Rioja and the Basque Country. Involved in retail and corporate commercial banking.
Banco Herrero: the bank’s only brand in Asturias and León. Operates with a commercial banking model concentrating on retail and corporate customers. The top banking network in Asturias and one of the leading networks in León.
SabadellSolbank: the group brand specialising in the retail market for long-term foreign residents in Spain and companies operating in the residential tourism sector.
Sabadell United Bank: commercial banking brand in the United States. Resulting from the acquisition of Mellon United National Bank and the integration of TransAtlantic Bank.