Alicante-based Banco Sabadell has announced profits of €1.3 billion for 2023, which is a rise of 55.1% on last year’s figure.
According to analysts, the huge increase is due to the rise in interest rates, ‘the good functioning of the business’ and a better performance by its UK subsidiary, the TSB bank.
Sabadell CEO, César González-Bueno said they were ‘magnificent results’ based on client satisfaction and the ‘profound transformation carried out in recent years’.
Full report in Friday’s Costa Blanca News
