Sabadell Bank raises shareholder payout promise as BBVA eyes takeover
Forrás:
Euronews.com
2 hónapja
Sabadell Bank reported a record profit of €1.83bn for 2024, a 37% increase, allowing for increased shareholder payouts totaling €3.3bn. The bank's strong performance is attributed to dynamic business in Spain and contributions from its British subsidiary, TSB. Sabadell is currently facing a hostile takeover attempt from BBVA, which it claims undervalues its operations. The Spanish government and Catalan politicians have expressed opposition to the merger, and Sabadell's strategy includes returning profits to shareholders to maintain independence. Teljes cikk (Euronews.com)