Sabadell records huge profits

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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

 

 

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