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Banco de Sabadell SA (SABE.MC)

SABE.MC on Madrid SE C.A.T.S.

1.08EUR
14 Dec 2018
Change (% chg)

€0.00 (+0.46%)
Prev Close
€1.08
Open
€1.07
Day's High
€1.08
Day's Low
€1.05
Volume
15,398,283
Avg. Vol
19,170,876
52-wk High
€1.94
52-wk Low
€1.02

Latest Key Developments (Source: Significant Developments)

Sabadell: Solvia Operation To Generate Capital Gain Of 138 Mln Euros
Friday, 14 Dec 2018 01:44am EST 

Dec 14 (Reuters) - Sabadell ::SOLVIA OPERATION WILL GENERATE A CAPITAL GAIN OF EUR 138 MILLION.DEAL WILL HAVE A POSITIVE IMPACT OF 15 BASIS POINTS ON ITS COMMON EQUITY TIER 1.PRICE FOR 80 PERCENT STAKE MAY INCREASE IN UP TO EUR 40 MILLION PROVIDED THAT CONDITIONS REGARDING EVOLUTION OF CERTAIN SOLVIA’S BUSINESS UNITS ARE MET.EXPECTS CLOSING OF THE TRANSACTION TO OCCUR IN THE SECOND QUARTER OF 2019.  Full Article

Intrum Acquires Banco Sabadell's Real Estate Servicer, Solvia
Friday, 14 Dec 2018 01:00am EST 

Dec 14 (Reuters) - Intrum AB ::INTRUM ACQUIRES BANCO SABADELL'S REAL ESTATE SERVICER, SOLVIA.HAS AGREED WITH BANCO SABADELL TO ACQUIRE THEIR WHOLLY OWNED SUBSIDIARY SOLVIA SERVICIOS INMOBILIAROS.ENTERPRISE VALUE OF APPROXIMATELY EUR 300M..TRANSACTION IS CONDITIONAL UPON CUSTOMARY APPROVALS BY AUTHORITIES AND IS EXPECTED TO CLOSE DURING Q1 2019.TRANSACTION IS SUPPORTIVE OF INTRUM'S LONG TERM 2020 TARGETS.TRANSACTION IS EPS (EARNINGS PER SHARE) ACCRETIVE.TRANSACTION DELIVERS STRONG CASH FLOWS WHICH WILL REDUCE NET DEBT/EBITDA IN 2020.TRANSACTION WILL BE FUNDED THROUGH EXISTING FACILITIES AND AVAILABLE LIQUIDITY.INTRUM - INITIAL PAYMENT OF APPROXIMATELY EUR 190M IN Q1 2019 AND A DEFERRED PAYMENT OF APPROXIMATELY EUR 50M TO FOLLOW IN 2022.  Full Article

Sabadell says process to name new TSB CEO ongoing, expects decision soon
Friday, 26 Oct 2018 02:33am EDT 

Oct 26 (Reuters) - Banco de Sabadell SA ::SAYS PROCESS TO NAME A NEW CEO AT TSB IS ONGOING, EXPECTS THIS TO HAPPEN SOON.  Full Article

Sabadell Q3 Net Profit At 127 Mln Euros
Friday, 26 Oct 2018 01:07am EDT 

Oct 26 (Reuters) - Banco de Sabadell SA ::9-MONTH NET INTEREST INCOME 2.74 BILLION EUROS.Q3 NET INTEREST INCOME 932.6 MILLION EUROS.BAD LOAN RATIO 4.50 PERCENT AT END-SEPT.9-MONTH NET PROFIT 247.8 MILLION EUROS.Q3 NET PROFIT 127.2 MILLION EUROS.RETURN ON TANGIBLE EQUITY (ROTE) 2.41 PERCENT AT END-SEPT.CET 1 FULLY LOADED 11.0 PERCENT AT END-SEPT.  Full Article

TSB announces Paul Pester will step down as CEO
Tuesday, 4 Sep 2018 02:54am EDT 

Sept 4 (Reuters) - TSB Banking Group PLC ::TSB ANNOUNCES PAUL PESTER TO STEP DOWN AS CEO.RICHARD MEDDINGS TO BECOME EXECUTIVE CHAIRMAN ON INTERIM BASIS.PAUL PESTER JOINED LLOYDS BANKING GROUP IN 2010 AND WAS APPOINTED TO LEAD THE DESIGN, BUILD AND LAUNCH OF TSB BANK AND ITS SEPARATION FROM LBG IN 2011..ON 30 JUNE 2015, TSB BECAME PART OF BANKING GROUP SABADELL..TSB TODAY SERVES OVER 5 MILLION CUSTOMERS, WITH COMPREHENSIVE DISTRIBUTION AND PRODUCT CAPABILITIES, INCLUDING 550 BRANCHES ACROSS THE UK. .  Full Article

Sabadell Says TSB CEO Steps Down
Tuesday, 4 Sep 2018 02:35am EDT 

Sept 4 (Reuters) - Banco de Sabadell SA ::INFORMS THAT TSB BANKING GROUP PLC. HAS ANNOUNCED THAT ITS CHIEF EXECUTIVE (CEO) WILL BE STEPPING DOWN FROM HIS POSITION.SAYS RICHARD MEDDINGS, CURRENT NON EXECUTIVE CHAIRMAN OF TSB, WILL TEMPORARILY TAKE ON THE ROLE OF EXECUTIVE CHAIRMAN.  Full Article

Britain's Tsb Bank Announces Interest Rate Changes Following Bank Of England Base Rate Rise
Tuesday, 7 Aug 2018 06:04am EDT 

Banco de Sabadell SA ::BRITAIN'S TSB BANK ANNOUNCES INTEREST RATE CHANGES FOLLOWING BANK OF ENGLAND BASE RATE RISE.TSB SAYS VARIABLE MORTGAGE RATES WILL INCREASE BY 0.25 PERCENT.TSB SAYS VARIABLE SAVINGS RATES FOR CHILDREN WILL INCREASE BY 0.25 PERCENT, OTHER SAVINGS RATES BY 0.10 PERCENT.  Full Article

Sabadell Says It Expects 2019 To Be Normalised Year For TSB
Friday, 27 Jul 2018 12:50am EDT 

July 27 (Reuters) - Banco de Sabadell SA ::SAYS 2019 IS EXPECTED TO BE A NORMALIZED YEAR FOR TSB.  Full Article

Sabadell H1 Net Profit 120.6 Mln Euros
Friday, 27 Jul 2018 12:42am EDT 

July 27 (Reuters) - Banco de Sabadell SA ::H1 NET INTEREST INCOME 1.81 BILLION EUROS .Q2 NET LOSS 138.7 MILLION EUROS.COSTS RELATED TO TSB GLITCH 203.1 MILLION EUROS.H1 NET PROFIT 120.6 MILLION EUROS.Q2 NET INTEREST INCOME 898.6 MILLION EUROS.BAD LOAN RATIO 4.71 PERCENT AT END-JUNE.RETURN ON TANGIBLE EQUITY (ROTE) 1.77 PERCENT AT END-JUNE.CET 1 FULLY LOADED 11.0 PERCENT AT END-JUNE.  Full Article

Banco Sabadell Sells 2.30 Bln Euro Loan Portfolio To Deutsche Bank And Carval
Tuesday, 24 Jul 2018 02:52pm EDT 

July 25 (Reuters) - Banco de Sabadell SA ::SAID ON TUESDAY IT HAD REACHED AN AGREEMENT FOR THE TRANSFER OF A PORTFOLIO OF LOANS WITH AN AGGREGATE OUTSTANDING BALANCE OF ABOUT 2.30 BILLION EUROS TO DEUTSCHE BANK AND TO CARVAL INVESTORS .TRANSACTION WILL CREATE A NEGATIVE IMPACT OF ABOUT 3 BASIS POINTS ON THE CAPITAL RATIO OF COMMON EQUITY TIER 1 (FULLY LOADED) OF THE BANK, WHICH WILL INCLUDE ADDITIONAL PROVISIONS WITH A NET IMPACT OF ABOUT 32 MILLION EUROS IN THE RESULTS.TRANSACTION WILL BE CLOSED ONCE THE RELEVANT AUTHORIZATIONS ARE OBTAINED AND THE RELEVANT CONDITIONS ARE FULFILLED.  Full Article

UPDATE 1-Intrum buys Sabadell's real estate servicer to boost Spain presence

Dec 14 Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.