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Banco de Sabadell SA (SABE.MC)

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

0.32EUR
6 Aug 2020
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Fri, Jul 31 2020

UPDATE 2-Spanish banks Caixabank, Sabadell set aside 1.4 bln euros in provisions

* Cost of risk higher at both banks on worsened economy (Gives breakdown for both lenders, adds shares)

UPDATE 1-Sabadell to close more than 200 branches in Spain -source

MADRID, June 4 Banco Sabadell plans to close 235 branches in Spain this year, around 13% of its network, as it speeds up cost cutting and digital transformation following the COVID-19 pandemic, a source with knowledge of the matter said on Thursday.

BRIEF-Sabadell's CEO Says Does Not Expect The Bank To Book A Loss In 2020

April 30 Chief Executive Officer of Sabadell , Jaime Guardiola:

BRIEF-Sabadell Sticks To TSB's Target Of Net Profit By 2022

April 30 Chief Executive Officer of Sabadell , Jaime Guardiola:

BRIEF-Sabadell's CFO Sees Cost Of Risk To Cover NPL Provisions Hovering Around 90-95 BP

* SEES COST OF RISK TO COVER NPL PROVISIONS HOVERING AROUND 90 BASIS POINTS TO 95 BPS

UPDATE 1-Sabadell's net profit shrinks on coronavirus-related provisions

MADRID, April 30 Spain's Banco Sabadell said on Thursday its first quarter net profit shrunk by almost two-thirds after it braced for coronavirus-led defaults and suspended its guidance for the full year.

BRIEF-Sabadell Q1 Net Profit Down At 94 Mln Euros YoY

* SAYS IN Q1 BOOKS PROVISIONS OF 213 MILLION EUROS DUE TO COVID-19 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

Sabadell's Q1 net profits falls 64% on coronavirus-related provisions

MADRID, April 30 Spain's Banco Sabadell reported a 64% fall in first-quarter net profit against the same period a year ago due to extraordinary provisions of 213 million euros to cover the potential impact on its books from the COVID-19 disease, the bank said on Thursday.

UPDATE 1-Barclays, Sabadell bosses give up some pay to aid coronavirus relief efforts

* Bank of England wants cash bonuses scrapped (Adds Barclays)

Banco Sabadell's senior management to forego 2020 bonus

MADRID, April 7 Banco Sabadell on Tuesday said its senior management, including executive chairman Josep Oliu and chief executive officer Jaime Guardiola, will forego any bonus for 2020 as part of the bank's effort to help mitigate the impact from the coronavirus crisis.

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