Banco Sabadell

It is a Spanish bank located in Alicante. It specializes in the finance, insurance, financing and banking services sector. It is one of the four largest banks in the country by volume of assets.

History

In 1881, merchants and business people decided to establish the bank in Barcelona to help finance and supply raw materials to local industries. In 1965, it began to expand along with the closest areas. In 1975, it expanded outside of Catalonia by establishing an office in Madrid and three years later, out of Spain (London). The bank grew thanks to the purchase of the NatWest Spain Group and the Bank of Asturias. It became the second institution to offer private banking when it acquired Banco Urquijo in 2006. In following years, it bought TransAtlantic Bank, Mellon United National Bank, Guipuzcoano Bank, CAM Bank, Banco Gallego and more.

Swift Code

The Swift Code (Society for Worldwide Interbank Financial Telecommunication), also known as BIC, is used during an international transfer to identify the receiving bank: BSABESBB.

Number of Employees

The bank has approximately 26,181 employees.

Rating

The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.

Banco Sabadell has a rating of:

  • Moody’s = Baa3.
  • S&P = BBB. 
  • Fitch = BBB.

Baa3 (Moody’s) = It has moderate credit risk.

BBB (S&P Global) = It is medium level, but they are in a good situation.

BBB (Fitch) = It has high solvency, but sensitive to adverse changes.

Headquarters

The headquarters of the entity is in the city of Alicante, Spain.

Website

If you want to know more about this bank, enter through its website: https://www.bancsabadell.com/.

Services

  • Personal banking: It offers basic banking operations such as account management, credit and debit cards, savings, investments, financing, insurance, renting and more.
  • Business banking: The bank offers entrepreneurial clients all the benefits and competitive advantages to make their business profitable. It includes company accounts, deposits, investment funds, international trade, insurance, factoring, leasing, renting, and more.

Contact

  • Address: Banco de Sabadell, S.A., Avda. Óscar Esplá, 37, 03007 Alicante
  • Phone Number: +34 935 91 63 60