Reported 26 days ago
Sabadell's third-quarter net profit rose 8% year-on-year to 503 million euros, exceeding analyst expectations despite challenges in lending income due to lower interest rates. The Spanish bank's performance was bolstered by reduced provisions and a recovery in its UK unit, TSB. Additionally, Sabadell announced the appointment of a new finance chief as it continues to fend off a takeover attempt by BBVA, asserting that the offer undervalues the bank's growth potential.
Source: YAHOO