González-Bueno defends before more than 1,500 managers that Sabadell “is prepared” to grow and be more profitable

Banco Sabadell leaves behind the hangover from the failure of BBVA’s takeover bid for the Catalan group. The Vallesan entity has gone on tour for six territorial addresses in which meetings have been held with more than 1,500 managers, meetings in which he has sought to convey a message of strength as a solo project. Specifically, it was its CEO, César González-Bueno, who assured that “they are prepared” to grow more, be more profitable and become the “best bank in Spain.”

Two meetings have taken place in Barcelona, ​​Madrid, Alicante, Málaga, Oviedo and San Sebastián. In them, González-Bueno has indicated his willingness to “accelerate the pace of growth and capital generation”with a view to maintaining attractive profitability and “solid” remuneration for shareholders. Sabadell plans to distribute more than 6,450 million over the next three years, the equivalent of 40% of its market capitalization.

González-Bueno has celebrated that the “commitment levels” are at a historical record” and that the differential value of the bank rests on its capacity “commercial and its vocation for service”. In this sense, he has stressed that the objectives contemplated in the 2025-2027 strategic plan, which contemplates greater commercial activity with growth in shares and segments in Spainthe advancement of the digitalization process, efficient cost management and improvement of the risk profile.

This roadmap has been designed taking into account the sale of TSB, its British business, to Banco Santander for 3,400 million eurosa transaction that is expected to close next March. This figure already includes the benefit expected until then. With this money he plans to shower shareholders with an extraordinary dividend of 2.5 billion, at a rate of 0.5 euros per title. Sabadell Bank will close the quarterly earnings season next week. Between January and June the joint profit has amounted to 975 million.

Among the pending points on the part of Sabadell is also the resumption of conversations with the Italian Nexi in order to close an agreement on payments for the transfer of Paycomet. This alliance was about to close when the takeover bid blew up the plans. The negotiations that began in 2023 contemplated that Sabadell would maintain 20% of the platform for at least three years and would maintain the marketing of products related to payments, mainly credit and debit cards. with a scheme similar to the one signed with the manager Amundi.