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Banco de Sabadell, S.A. (Catalan: Banc Sabadell) is a Spanish multinational financial services company headquartered in Alicante and Barcelona, Spain. It is the 4th-largest Spanish banking group. [ 2 ]
Sabadell's return to its historic home is "a big step so that Catalonia is once again the locomotive of the Spanish economy", said Josep Sanchez Llibre, head of the regional employers' organisation.
Banco Santander; BBVA; CaixaBank; Banco Sabadell; There were formerly a "big six" (los seis grandes) composed of three banks that are now part of BBVA (Banco de Bilbao, Banco de Vizcaya, and state-owned Banco Argentaria) and three now combined as Santander (Banco Central, Banco Hispanoamericano, and Banco de Santander).
In 1996, Grupo Banco Sabadell acquired Banco NatWest España for £123m, integrating it with its Banco de Asturias subsidiary to form Solbank SBD S.A. in 1997. [2] In 2001, Solbank SBD was legally absorbed into Banco Sabadell, with its branches continuing to operate under the Solbank brand (Sabadell Solbank from 2010) for marketing purposes.
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Sabadell also confirmed that the TSB name would be retained, as the group felt it was a "very powerful" brand with "traction" in the UK, unlike the parent brand, which is "virtually unknown". [29] TSB's banking platform, which had used that of Lloyds Banking Group, was migrated to a UK-based replica of Sabadell's Proteo platform by the end of 2017.
In September 2013, Banco Sabadell announced that Gilinski became its largest shareholder as the anchor investor in a US$1.8 billion capital raise. Through the ABB and share rights issue, Gilinski's investment totals approximately $500 million. Banco Sabadell is the 5th largest bank in Spain, with over US$220 billion in assets and a 13% market ...