Banco Sabadell occupy the podium for the second time in a row. stock market revaluation with an increase of 50.69% until the capitalization situation about 5,000 euros. To calculate these valuations, which banks stand out this year interest increasesValues that break six-year negative money prices, included in the index during the year, are not considered because they did not complete the exercise with their condition. Fluidra and Rovi in 2021. (In 1994 and 1995, BBVA appears because it is the current name of the business. But it does not correspond to this, but to one of the banks that formed it today, such as the former Argentaria, Bilbao or Vizcaya).
Despite being in second place, it is among the elite that is almost on par with CaixaBank, which acquired Bankia last year and reached a capitalization of 27,500 million and a revaluation of 51.53%. Organization headed by José Ignacio Goirigolzarri and CEO Gonzalo Gortázar, increase in bank interestproviding the sector with higher returns and increased interest margin a.
Sabadell’s uniqueness is that he repeats the podium for the second time in a row and is about the descent of the CEO-led team. Cesar Gonzalez-BuenoWhat took the reins in March of last year, and it turned the asset like a sock when its attempt to merge with BBVA failed. In the analysts’ view, the bank, headed by Josep Oliu, benefited as a whole from the positive environment implied by the rise in interest rates. Investors welcome the transformation, which has managed to realign the capital ratios for which it has been penalized. The bank has recovered solvency, efficiency and profitability, according to analysts. The improvement in shareholder fees is another factor that has marked its evolution. The bank announced that it has increased the ‘payment’ to a minimum of 40%, which represents a significant increase from 31.8% in the previous year. Its value rose from an equilibrium price of less than 2,000 million to almost 5,000 million.
Another notable factor was the decision not to sell the British subsidiary. TSB. The business recently inked an agreement with the UK regulator that shelved 55.75 million of the technology issues it recorded on its technology platform in 2018. TSB has also become one of Sabadell’s biggest assets. This British subsidiary contributes positively to the group for seven consecutive quarters, earning 103 million pounds (117.95 million euros) and achieving 7.8% ROTE. It resulted in a positive contribution to the accounts of the Banc Sabadell Group in September of €93 million, compared to €82 million in the same period in 2021.
Sabadell’s recovery is accelerating after the woes of leaving BBVA at the end of 2020. Between January and September, the bank earned 709 million euros, 91.9% compared to the same period last year, and 33% more than it earned in the whole of 2021 (530 million). In fact, profit in the first three quarters is close to what it recorded in the whole of 2019 (768 million), the last year before the pandemic.