Banco Sabadell : Heading in the right direction, but facing headwinds and uncertainties; stable credit opinion and recommendations maintained
Following a challenging year in 2018 marked by the severe IT disruption at Banco Sabadell’s UK subsidiary TSB and other factors which directly and/or indirectly hit the bank’s capital, Banco Sabadell has taken necessary and decisive actions to restore its capital ratios while large-scale NPA divestments have contributed to substantially improving asset quality metrics. The significant IT issues that protracted beyond the migration have been repaired and following management chang...Banco de Sabadell is a bank holding company. Through its subsidiaries, Co. provides a range of banking and financial services in Spain and internationally. Co.'s activities include investment banking, private banking, portfolio management, mortgage loans, commercial loans and other financial products and services, deposits and international banking operations. Co. is also engaged in life insurance underwriting and brokerage. Additionally, Co. is engaged in capital property and development, as well as investing in environmental projects. As of Dec 31 2014, Co. had total assets of Euro163,345,673,000 and total customer deposits of Euro98,208,370,000.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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