Banco Sabadell
From Wikipedia, the free encyclopedia
 |
This article relies on references to primary sources. (December 2012) |
 |
|
| Type | Sociedad Anónima |
|---|---|
| Traded as | BMAD: SAB |
| Industry | Financial services |
| Founded | 1881 |
| Headquarters | Sabadell, Spain |
| Key people | Josep Oliu Creus (Executive chairman), Jaume Guardiola (CEO) |
| Products | Banking, bancassurance, asset management |
| Employees | 10,699 (end 2011) |
| Website | www.grupbancsabadell.com |
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.
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 1,387 offices employing a total of 10,699 staff. It is quoted on the Madrid Stock Market (SAB) and forms part of the IBEX 35 index.
Contents |
History [edit]
- 1881: Founded in Sabadell, province of Barcelona, on 31 December 1881.
- 1965: Starts territorial expansion.
- 1978: London, first branch of the international network.
- 1986: Introduction of remote banking.
- 1987: New international branch in Paris.
- 1988: Creation of Sabadell Banca Privada.
- 1996: Acquisition of NatWest España: Solbank project.
- 2000: Incorporation of Banco Herrero.
- 2001: Floated on the stock market.
- 2002-2004: Introduction of multi-brand strategy.
- 2004: Acquisition of Banco Atlántico.
- 2004: Inclusion in IBEX 35.
- 2006: Acquisition of Banco Urquijo.
- 2007: Acquisition of TransAtlantic Bank, Miami.
- 2008: Zurich, new Bancassurance partner.
- 2009: Acquisition of Mellon United National Bank (Miami).
- 2010: Founding of Sabadell United Bank.
- 2010: Acquisition of Banco Guipuzcoano.
- 2010: New plan CREA 2010-2013.
- 2011: Launching of the SabadellGuipuzcoano brand.
- 2011: Acquisition of Lydian Private Bank (Miami).
- 2011: Selected as winning bidder for Caja de Ahorros del Mediterráneo (CAM).
- 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.
Bank brands [edit]
- 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.
- ActivoBank: leading brand in the Spanish on-line banking market. Retail banking model for customers operating in the financial markets via Internet.
- 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.
Subsidiaries [edit]
- Banco Urquijo: banking subsidiary specialising in private banking services. Mainly equity consultant for retail customers and institutions. 100% owned by Banco Sabadell.
- Banco Sabadell de Andorra: the bank’s Andorra subsidiary specialising in commercial banking. Ownership shared between Banco Sabadell (51%) and local shareholders (49%).
- Dexia Sabadell: subsidiary specialising in funding local administrations. Ownership divided between Banco Sabadell (40%) and the Dexia Group (60%).
- BanSabadell Fincom: specialising in consumer finance. 100% owned by Banco Sabadell.
[edit]
| By tranches (n. % of equity) | Other information | ||
|---|---|---|---|
| Up to 120,000 shares | 36% | Number of shares | 1.390.314.371 |
| More than 120,000 shares | 64% | Number of shareholders | 130.039 |
| Current share price (euros) | 2,685 |
Source [edit]
Farrés y Bernaldo, Jesús. 1982. Banco de Sabadell: Cien años de historia. Sabadell.
