Company Profile For Banco de Sabadell, S.A.

Banco de Sabadell, S.A. (SABE.MC) (Madrid SE C.A.T.S.)

sector: Financials · industry: Banks ·

As of 26 Nov 2009

4.26EUR

Price Change

-0.12

Percent Change

-2.85%

Analyst Recommendations

Overview

Banco de Sabadell SA is a Spain-based financial institution primarily engaged in the banking sector. It is a parent of Grupo Banco Sabadell, a group which comprises a number of entities active in the corporate, commercial and private banking sectors, such as Banco Sabadell Atlantico SA, Banco Herrero SA, Solbank SBD SA, ActivoBank SA, Banco Urquijo SA and TansAtlantic Bank Inc; as well as other subsidiaries and affiliates which are involved in various areas of the financial sector, including insurance, real estate, asset management and international trading, among others. It also has foreign branches and representative offices operating in France, the United Kingdom, the United States, Algeria, Italy, Brazil, Mexico, Portugal, the Dominican Republic, Chile, Singapore, China, Turkey, India and Venezuela.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Banco de Sabadell SA's interest income decreased 23% to EUR2.51B. Net interest income after loan loss provision increased 3% to EUR636.6M. Net income from continuing operations increased 40% to EUR468.4M. Interest income reflects a decrease in loans issued. Net income from continuing operations benefited from higher income from affiliates as well as from increased gains on sale of assets.