Sabadell Bank

Madrid Stock Exchange revision

“The Remuneration Report At Banco de Sabadell Obtained Over 38% Dissent Votes”

“Shareholders and proxy advisors are being very critical of directors’ pay and board composition, as evidenced in voting.” explains Nancy Hameni (Head of Proxy & M&A at Cmi2i) to Fernando Rodriguez. Q- What do you think is most remarkable so far in the 2022 Spanish AGM season ?A- Halfway through the 2022 AGM season, we are seeing executive compensation and board elections as the most prominent trends within the IBEX-35….


banco sabadell palmeras

Banco Sabadell Wants To Shed A Further 12% Of Its Workforce, 1,900 Workers

Banco Sabadell has proposed a redundancy plan for 1,900 employees to the trade unions, which could mean the closure of between 230 and 300 branches. It should help the bank to improve its low profitability, ROE, of 3.1% on equity, far from the cost of capital (which can be up to three times higher). It is also way off the profitability obtained by its Spanish competitors (Santander and BBVA have…


banco sabadell palmeras

Sabadell Is Considering Options To Defend Itself From The Effects Of The Caixabank-Bankia Merger

Banco Sabadell has been left hanging after the announcement of the merger between Bankia and CaixaBank. For months there had been talk of a combination of Sabadell and Bankia as the most promising concentration operation in the sector. Now, however, this possibility has vanished and the Catalan bank would be assessing different options to protect its interests.






Sabadell

Sabadell Agrees The Sale To Cerberus Of €9.1 Bn Real Estate Assets

Sabadell has just announced the sale of real estate assets to the fund Cerberus for 9.1 billion euros. The assets have been given a net value of 3.9 billion euros, which means Sabadell will have to make provisions for 92 million euros. Cerberus will hold 80% of the joint Enterprise called NewCo, leaving Sabadell with 20%. Specifically, the operation has been structures through the issue of two portfolios of real estate assets commercially named “Challenger” and “Coliseum”.