Banco Sabadell S.A., is a Spanish multinational financial service company that was founded in 1881 by 127 entrepreneurs and merchants in Sabadell, Spain.

Banco Sabadell

The bank is headquartered in Alicante and Barcelona, Spain.

History

The bank was founded on December 31, 1881, by local businessmen to finance local industries. Banco Sabadell's initial capital was 10 million pesetas. In its early years, the bank was involved in the wool and coal mining trades, but shifted its focus to financial services in the early 20th century.

Key milestones in Banco Sabadell's history:

1965: Opened its first branch outside Sabadell, in Sant Cugat del Vallès.
1978: Opened its first international branch in London.
1986: Launched Fonobanc, a telephone banking service.
1998: Introduced BancSabadellNet, Spain’s first online banking service.
2001: Floated on the stock market.
2004: Acquired Banco Atlántico.
2015: Acquired TSB, a retail bank based in the United Kingdom.
2023: Consolidated its digital operations under a new subsidiary, Sabadell Digital.

Growth and Development

Banco Sabadell has expanded through strategic acquisitions and innovative services.

Key growth and development initiatives:

1965: The bank began its territorial expansion.
1978: The bank began its international expansion, opening a branch in London.
1986: Became the first Spanish bank to introduce ATMs.
1987: Banco Sabadell founded BanSabadell Inversión, now Sabadell Asset Management.
2001: IPO on the Madrid Stock Exchange.
2006: Acquired Banco Urquijo, enhancing its private banking services.
2015: Acquired TSB Bank in the UK, further expanding its international footprint.
2017: Launched its digital banking platform, Sabadell Digital, to cater to tech-savvy customers.

Operations

Banco Sabadell is Spain's fourth-largest banking group. The company has a presence in over 20 countries. Sabadell Asset Management is a Spanish Management Company based in Madrid.

Financial Performance

Banco Sabadell has demonstrated noteworthy financial performance. Since the end of 2020, the share price has more than quadrupled. The bank generates revenue from retail banking, corporate banking, and asset management.