Sabadell Bank Achieved net attributable profit of 1,028 million eurosAccording to information sent this Thursday to the National Securities Market Commission (CNMV), it achieved the best result in its history, up 44.9% compared to the same period last year.
These results were supported by growth in interest margins. It is due to the interest rate increases of the central bank. The company underlines that the recurring margin, which is the result of adding interest margin and commissions and subtracting costs, increased by 38.8% on an annual basis, reaching 2 billion 328 million euros.
Thus, banking business revenue (interest margin plus net commissions) reached 4 billion 559 million euros, an increase of 18.7% compared to the first three quarters of 2022. Interest margin increased by 29.0% to 3,512 million.
On the contrary, net commissions decreased by 6.3% While it reached 1 billion 47 million euros in the first nine months of the year, total costs increased by 3.2 percent to 2 billion 231 million euros.
On the other hand, Announced that it will pay an interim dividend of 0.03 Euro gross per share based on 2023 results It will be paid in cash on December 29.