Neither crisis nor slowdown. Banco Sabadell’s custodians reassured this Thursday that the feared paralysis of economic activity caused by inflation and higher interest rates is not yet visible in the bank’s operations, with the Alicante province illustrating a comparatively healthy picture.
Data published by the bank show loan activity continuing at a solid pace in the third quarter, supporting a year-to-date backlog of financing that is already 25% higher than in the same period of 2021.
What happened with housing credit. Between January and September, Sabadell issued 3,053 housing loans, with more than one-third formalized in the summer months. This marks an annual rise of 19.6%.
In terms of loan volume, the total housing credit extended reached 338 million euros. This figure nearly doubled the amount the bank lent for the same purpose in the neighboring region of Valencia, where Sabadell issued 1,506 mortgages totaling 188 million euros.
By type, fixed-rate mortgages remained the most common, accounting for 66% of all approvals in the province.
Additionally, the loans total granted by Sabadell in Alicante through the third quarter stood at 2,780 million euros, up 25% from 2021 volumes.
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2,621 million euros of this amount went to financing companies’ investments and working capital, showing a 24% rise. An additional 158 million euros were allocated to individuals, representing a 27% increase.
new customers
So far this year, Sabadell has attracted a notable share of the regional market by choosing Alicante as a base. The bank’s migration from Catalonia in 2017 amid independence tensions underscores a strategic focus on growth in the area. In 2025, Sabadell enrolled 20,522 new private customers in the state and 3,345 new companies.
The results presented on Thursday show a strong performance: Sabadell posted a profit of 709 million euros, up 92% from the end of the third quarter of the previous year. The rise in profitability is attributed to higher activity, increased revenue from rate rises, and tighter cost management.