Banco Sabadell

Banco Sabadell, S.A. (traded at the Madrid Stock Exchange as SAB) is the fourth largest banking group in Spain. The central office of the corporation is in Sabadell, and it has a strong international representation through a network of offices in London, Paris, Milan, Istanbul, Beirut, Singapore, Tehran, New Delhi, Havana, Shanghai, Beijing, Algiers, and Mexico City.

Banco Sabadell was founded in 1881 in Sabadell, Spain, by a group of local businessmen. Only ten years later in 1891, the bank started a process of expansion with the opening of a branch in Buenos Aires that continued for well over a century until 2007, when Sabadell Group acquired Florida-based TransAtlantic Bank. At present, the members of Sabadell group are highly-reputed financial institutions such as ActivoBank, Banco Herrero, and Banco de Asturias. Mr. José Oliu Creus, Chairman of the Managing Board and CEO of Banco Sabadell, is leading a team of over ten thousand young and highly-qualified professionals, who have earned for the financial group an outstanding position in the personal and business banking markets in Spain and around the world.

SabadellAtlántico Banca Privada is responsible for the private banking business of Sabadell Group. Its experts provide for the clients a set of specially tailored banking services, including everyday banking solutions such as account management, bank cards, bank payments and money transfer assistance, online and telephone banking, as well as investment advisory, and wealth and asset management services.

The commercial banking business of the group offers tailored banking solutions to small and medium-sized enterprises such as, cash management, project financing, short and medium-term industrial and manufacturing loans, leasing plans for the purchase of equipment, and raw materials, etc.

To their corporate clients, the devoted team of Sabadell Group, through its subsidiaries Banco Herrero and SabadellAtlantico, is pleased to offer a set of integrated services including investment planning and advisory, market analyses, real estate development and financing, including mortgage loans for corporate clients, asset and capital management, business insurance and risk management solutions, international banking assistance, etc.

Notwithstanding the global financial crisis, the financial results of Sabadell Group for 2008 are quite encouraging. The group announced 673.8 million euro profit and 1.115 billion euro operating income – an increase by almost ten percent from a year ago, while their total assets for last year are over eighty billion euro. Furthermore, in 2008 Banco Sabadell was one of the few financial institutions to afford investing capital on the banking markets, including the issuance of mortgage bonds. It is also noteworthy that while some of the world’s strongest financial institutions were struggling to escape the fate of Lehman Brothers, Sabadell Group launched a new company, Solvia, to manage their real estate assets.

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