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.
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.
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.