Banco de Sabadell, S.A.

Banco de Sabadell SA is one of the largest banks in Spain. Banco de Sabadell is a universal bank specializing in providing financial services to natural persons and small- and medium-sized enterprises.

Services

Retail Banking
Corporate Banking
Online Brokerage
Real Estate Operations

Products

Financials

Total Assets (2017)
177.64 bln EUR  (+6.54%)
Net Income (2017)
519.17 mln EUR  (+36.68%)

In 2017 total assets of Banco de Sabadell, S.A. were 177,64 bln EUR. In 2017 the bank's net income was 519,17 mln EUR.

Banco de Sabadell, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BB+ (speculative). Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).

Banco de Sabadell, S.A. participates in deposit guarantee scheme of Spain. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Av. Óscar Esplá, 30, 3007, Alicante, Spain
+34 902 343 999

Banco de Sabadell, S.A. is headquartered in Alicante.

Bank Identifiers

BIC (SWIFT)
BSABESBB
MFI ID
ES0081

Business Summary

Services
retail banking
corporate banking
online brokerage
real estate operations
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts (0.05 - 0.20 %)
consumer loans
car loans
student loans
mortgage loans
investment funds
business accounts
business loans
trading accounts

Banco de Sabadell, S.A. provides products and services in the areas of retail banking, corporate banking, online brokerage, real estate operations. The range of products offered by Banco de Sabadell, S.A. includes current accounts, debit cards, credit cards, savings accounts, time deposit accounts (0.05 - 0.20 %), consumer loans, car loans, student loans, mortgage loans, investment funds, business accounts, business loans, trading accounts.

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with Banco de Sabadell, S.A. are covered by deposit guarantee scheme of Spain up to 100 000 EUR per depositor. Banco de Sabadell, S.A. offers the following time deposit accounts.

Updated on 17 December 2018

Sales Region
Spain
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
1
Time Deposit Account Details
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
1
Sales Region
Spain
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
3
Time Deposit Account Details
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
3
Sales Region
Spain
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
6
Time Deposit Account Details
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
6
Sales Region
Spain
Account Currency
EUR
Interest Rate (p.a.)
0.20 %
Deposit Term (months)
12
Time Deposit Account Details
Account Currency
EUR
Interest Rate (p.a.)
0.20 %
Deposit Term (months)
12

Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.

See Also

Trading Accounts

Trading accounts are used to execute trade transactions involving buying and selling various financial instruments, for example, stocks, bonds, futures and options. Trading accounts can hold both cash and securities.

Trading accounts made with Banco de Sabadell, S.A. are covered by investor compensation scheme of Spain up to 20 000 EUR per investor. Trading accounts offered by Banco de Sabadell, S.A. are shown in the table below.

Updated on 17 December 2018

Sabadell eBolsa
Sales Region
Spain
Annual Costs (EUR)
16.00
Costs per Order (EUR)
7.00
Trading Account Details
Product Name
Sabadell eBolsa
Annual Costs
16.00 EUR
Costs per Order
7.00 EUR
Traded Instruments
stocks
bonds
ETFs
funds
options
certificates
Stock Exchanges
XETRA
Frankfurt
NYSE

Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.

See Also

Financial Positions

Total Assets (2017)
177.64 bln EUR  (+6.54%)
Total Equity (2017)
11 061.15 mln EUR  (-11.83%)

In 2017 total assets of Banco de Sabadell, S.A. were 177.64 bln EUR. Growth compared to the previous period (2016) was 6.54%. The evolution of the total assets of Banco de Sabadell, S.A. is shown at Chart 1 below.

Total Assets of Banco de Sabadell, S.A..

Chart 1. Total Assets of Banco de Sabadell, S.A..

Recent changes in total assets of Banco de Sabadell, S.A. and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 6.5 17.4 +169.32%
Loans to banks 4.8 7.2 +50.64%
Loans to other clients 114.3 114.0 -0.27%
Total Assets 166.7 177.6 +6.54%
Table 1. Recent changes in total assets of Banco de Sabadell, S.A. (bln EUR).

Recent changes in total liabilities of Banco de Sabadell, S.A. and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 15.0 13.9 -7.03%
Deposits from other clients 98.3 103.3 +5.00%
Total Liabilities 166.7 177.6 +6.54%
Table 2. Recent changes in total liabilities of Banco de Sabadell, S.A. (bln EUR).

Profit and Loss

Operating Income (2017)
422.32 mln EUR  (-60.25%)
Net Income (2017)
519.17 mln EUR  (+36.68%)

Recent changes in gross profit of Banco de Sabadell, S.A. and its main components are shown in Table 3.

2016 2017 % change
Interest Income 3 523.6 3 372.3 -4.29%
Interest Charges -1 049.1 -826.0 -21.26%
Net Interest Income 2 474.5 2 546.3 +2.90%
Commission Income 976.1 1 078.6 +10.50%
Commission Charges -94.5 -113.2 +19.76%
Table 3. Recent changes in gross profit of Banco de Sabadell, S.A. (mln EUR).

In 2017 net income of Banco de Sabadell, S.A. was 519.17 mln EUR. Growth compared to the previous period (2016) was 36.68%. The evolution of the net income of Banco de Sabadell, S.A. is shown at Chart 2 below.

Net Income of Banco de Sabadell, S.A..

Chart 2. Net Income of Banco de Sabadell, S.A..

Credit Ratings (as of May 2018)

Fitch Moody's
BB+ (speculative) Baa2 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Banco de Sabadell, S.A. is rated by Fitch and Moody's.

Credit ratings assigned to Banco de Sabadell, S.A. as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Banco de Sabadell, S.A. it is set to BB+ (speculative), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Banco de Sabadell, S.A. is set to B (speculative short-term credit quality).

Long-Term Issuer Default Rating  BB+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  B
Viability Rating  bb+
Support Rating  3
Support Rating Floor  BB+

Viability rating for Banco de Sabadell, S.A. is set to bb+ (speculative fundamental credit quality); support rating is 3 (moderate probability of support); support rating floor is BB+ (speculative).

Moody's

Long-term rating for Banco de Sabadell, S.A. it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Baseline credit assessment is ba2. Short-term rating is not assigned.

Long-Term Rating  Baa2
Long-Term Bank Deposit Rating  Baa2
Baseline Credit Assessment  ba2
Short-Term Rating  -
Outlook  positive

Outlook for the ratings of Banco de Sabadell, S.A. is set to positive (may be raised).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Spain are obliged to participate in Spanish deposit guarantee scheme.

In the case of Banco de Sabadell, S.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  credit balances on accounts, nominative deposit certificates constituted in the EU
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Banco de Sabadell, S.A. and its components are shown in the table below.

BIC  BSABESBB
Bank BIC Code  BSAB
Country Code  ES (Spain)
Location Code  BB
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Banco de Sabadell, S.A. is shown in the table below.

MFI ID  ES0081

European Presence: 4 banks in 4 countries

Banco de Sabadell, S.A. operates under the brand name Banco de Sabadell. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

France

Portugal

Spain

  • (this bank) Banco de Sabadell, S.A. (Alicante)

United Kingdom