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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Banco de Sabadell, S.A.    SAB   ES0113860A34

BANCO DE SABADELL, S.A.

(SAB)
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Banco de Sabadell S A : Spain's Sabadell plans to close around 10% of its branches in Spain in 2020

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10/25/2019 | 07:08am EDT
Sabadell bank's headquarters is seen in Barcelona

MADRID (Reuters) - Spain's Banco Sabadell plans to close around 200 branches in Spain in 2020, its chief executive officer Jaime Guardiola said on Friday.

As of end-September, Sabadell had 1,893 branches mostly in Spain, meaning the upcoming closures would imply a 10% reduction in offices.

"Our plan is to close around 200 branches in Spain next year, which also foresees investments in ATMs and bigger branches," Guardiola said.

Like other European banks, Spanish lenders are struggling to lift earnings as low interest rates squeeze financial markets. They are increasingly focusing on trimming costs and boosting efforts to sell services on digital platforms.

Since the financial crisis in 2008, the number of branches in the Spanish banking sector has declined by more than 40% while the number of employees has shrunk by more than 30%.

(Reporting By Jesús Aguado; Clara-Laeila Laudette)

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Financials
Sales 2020 4 823 M 5 357 M 5 357 M
Net income 2020 103 M 115 M 115 M
Net Debt 2020 - - -
P/E ratio 2020 16,9x
Yield 2020 0,16%
Capitalization 1 521 M 1 691 M 1 689 M
EV / Sales 2019
Capi. / Sales 2020 0,32x
Nbr of Employees 24 415
Free-Float 98,6%
Chart BANCO DE SABADELL, S.A.
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Technical analysis trends BANCO DE SABADELL, S.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 0,48 €
Last Close Price 0,27 €
Spread / Highest target 273%
Spread / Average Target 76,4%
Spread / Lowest Target -26,1%
EPS Revisions
Managers
NameTitle
Jaime Guardiola Romojaro Managing Director & Executive Director
Josep Oliu Creus Executive Chairman
Rüdiger Schmidt Head-Global Information Technology & Operations
Tomás Varela i Muiña General Manager & Head-Finance
María Teresa García-Milà Lloveras Independent Non-Executive Director
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