
Marc Armengol appointed CEO of Banco Sabadell to lead technological transformation
The executive, a 20-year veteran of the bank, replaces César González-Bueno following the failed BBVA takeover bid last year.
Catalunya
12 articles published

The executive, a 20-year veteran of the bank, replaces César González-Bueno following the failed BBVA takeover bid last year.

The bank reported €1.775 billion in net profit, a 2.8% decrease, prioritizing share repurchase over the cash dividend promised during the BBVA takeover bid.

The financial institution's net profit dropped 2.8% in 2025 due to fewer extraordinary items, but comparable results grew 3.4%.

The outgoing CEO led the bank's most recent prosperous cycle, multiplying its market capitalization sevenfold since March 2021.

The executive, previously CEO of the British subsidiary TSB, will assume the position at the bank's next general shareholders' meeting.

The financial institution registered a 1.8% increase in 2025 profits despite the environment of falling interest rates.

The owner of Venezuela's largest fortune, with a complex history with the regime, positions himself in the Spanish banking consolidation scenario.

Unemployment in the capital of Vallès Occidental slightly increases compared to November, although year-on-year data is historically positive.

The company, specializing in metallic structures and railway maintenance, has entered insolvency proceedings with no remaining assets.

The drop in the volume of rental contracts, now close to the number of property sales, increases housing access tension.

The Idescat study reveals that Sabadell residents earned an average gross salary of 31,852 euros in 2024, 4.8% more than the previous year.

The president of Banc Sabadell assures shareholders that the entity has no interest in short-term corporate operations following the BBVA bid.