Report
Benoit Valleaux ...
  • Steven Gould

Banco Sabadell : Un T2 2021 plutôt encourageant sur l’opérationnel, mais à confirmer !

>Une copie solide grâce notamment à la baisse du Cdr et à TSB - Sabadell publie des chiffres au T2 2021 de bonne facture, avec un RN s’établissant à 147 M€ (vs cons 84 M€) drivé notamment par une relative bonne tenue du levier opérationnel (revenus ‘core’ vs coûts), un redressement plus marqué des activités UK de TSB (1er semestre de RN positif depuis 3 ans) et surtout des provisions sur crédits en nette baisse (-21% vs cons, -48% yoy). Nous retenons de la publicatio...
Underlying
Banco de Sabadell SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

Steven Gould

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