Banco de Sabadell : Sabadell opens a new branch in Portugal

• The Entity estimates it will surpass €1bn in business volume in 2022

Banco Sabadell has opened its new branch in Portugal, with the primary purpose of providing banking services to companies and corporates, complementing its international presence.

With more than 25 years of experience in Portugal, Banco Sabadell began this new project in September 2018, and through its international network it has already started to provide services to Spanish companies with investments in the country, and to Portuguese corporations. The entity has chosen to accompany them to help companies make the best economic decisions in Portugal, and particularly also in those geographies in which Portuguese banking has traditionally not been available.

The branch, located at Avenida da Liberdade, in the centre of Lisbon, aims to surpass 1bn in business volume in 2022. In little more than six months of activity, business volumes have already surpassed initial estimates.

The Deputy General Manager of Banco Sabadell and director of the Corporate & Investment Banking Division, José Nieto, has ensured us that the primary objective of the entity is 'to offer banking services which allow Banco Sabadell to make a long term commitment to Spanish companies which are developing their businesses or investing in Portugal, and supporting Portuguese companies in making the best economic decisions, in Portugal as well as in new markets in which Portuguese banking has not available to date.' Furthermore, he has recognised the importance of 'the bank's knowledge in this country, where it has been present for more than 25 years'.

Furthermore, he has highlighted the 'bank's commitment to Portugal' and reiterated that the entity will develop the activity in which 'it is number one: business banking'.

Banco Sabadell's branch in Portugal, managed by Santiago Tiana, is equipped with a team of 12 experts with ample experience in the Portuguese banking sector, oriented to the companies segment, transactional activity, trade finance, structured finance, treasury, capital markets and Corporate Banking.