Banco Sabadell Chosen by the best in business. And by people like you.
March 2014
Contents 1.
Description, mission and values, milestones
2.
Shareholder & management structure
3.
Financial highlights
4.
A multibrand, multichannel strategy
5.
Branch network
6.
Market position
2
What is Banco Sabadell? • A privately owned banking group established in 1881
• The fourth largest banking group in Spain by assets
• A focused commercial banking group with a significant franchise in small and medium enterprises and affluent private individuals
• A multibrand, multichannel strategy • 2,343 branches and 17,924 employees
• 6,5 million customers • Main financial data (millions of euros) Total assets: Gross loans to customers: Funds under management: Shareholders’ equity: Net 1Q14 profit:
161.093,9 124.834,3 123.334,8 10.185,87 81,1 3
Mission and corporate values
Mission
Corporate values
To develop a universal banking business across Spain, with a specialised vocation, following a selective process of growth through a client banking model.
• • • • • • • • • •
Desire to serve Proximity Adaptability Professionalism Innovation Prudence Sales orientation Austerity Ethics and social responsibility Teamwork
4
BS Milestones
1881
Established in Sabadell (Barcelona)
1965
Initial geographical expansion
1978
London, first branch of the international network
1988
Sabadell Banca Privada is created
1996
Acquisition of NatWest EspaĂąa: the Solbank project
2000
Acquisition of Banco Herrero
2001
Banco Sabadell is floated on the stock market
2004
Acquisition of Banco AtlĂĄntico
2004
Banco Sabadell joins the IBEX 35
2006
Acquisition of Banco Urquijo
2007
Acquisition of TransAtlantic Bank (Miami) 5
BS Milestones
2008
Zurich, new partner in bancassurance
2009
Acquisition of Mellon United National Bank (Miami)
2010
Sabadell United Bank is born
2010
Acquisition of Banco Guipuzcoano
2011
Acquisition of Lydian Private Bank (Miami)
2012
Acquisition of Banco CAM
2012
Acquisition of Banco BMN's in Catalonia and Arag贸n
2013
Acquisition of Lloyds Banking Group Spain
2013
Acquisition of Banco Gallego
2013
Acquisition of JGB Bank de Miami 6
Leadership in service quality
Banco Sabadell, among the best rated banks in the market
Improve your corporate image and reputation Sector
2013 vs. 2014
7,04 Fourth best bank in the country
2 pos.
6,23
Corporate reputation Among the thirty chief companies in the country
40 pos.
CSR and corporate governance Among the 30 best companies in Spain 13 pos.
Market
Sabadell
Fuente:STIGA: “RCB Análisis de Calidad Objetiva en Redes Comerciales Bancarias (Equos 1T14)”.
Source: Business Monitor of Corporate Reputation (MERCO), 2014 7
Contents 1.
Description, mission and values, milestones
2.
Shareholder & management structure
3.
Financial highlights
4.
A multibrand, multichannel strategy
5.
Branch network
6.
Market position
8
Shareholder structure At 31.03.2014
According to size of holding (% of capital)
Up to 120.000 shares
38,19%
More than 120.000 shares
61,81%
Retail shareholders
53,9%
53,9%
Other data 46,1% Number of shares
Number of shareholders Price (euros)
Institutional investors
4,011,971,704
237,830 2.242
9
Management structure Executive Committee & General Management
Business Areas
Chairman · José Oliu Creus Vice-President · José Javier Echenique Landiribar Managing Director · Jaime Guardiola Romojaro Director · General Manager · José Luís Negro Rodríguez External director · José Permanyer Cunillera General Secretary · María José García Beato General Manager · Miguel Montes Güell General Manager · Tomás Varela Muiña Deputy general manager · Carlos Ventura Santamans Deputy general manager · Fernando Pérez-Hickman
Commercial Banking · Carlos Ventura Santamans SME Banking · Eduardo Currás de Don Pablos Personal Banking · Manuel Tresánchez Montaner Bancassurance · Silvia Ávila Rivero Markets & Private Banking · Ramón de la Riva Reina Invest., Fin. Products & Analysis · Cirus Andreu Cabot Treasury and Capital Markets · Alfonso Ayuso Calle Americas · Fernando Pérez-Hickman Corporate & Wholesale Banking · Enric Rovira Masachs Asset Management · Miguel Montes Güell
Corporate Divisions Finance · Tomás Varela Muiña Operations and Corpo. Development · Miguel Montes Güell Organization & Services · Federico Rodríguez Castillo Human Resources · Javier Vela Hernández Risk Management · Rafael José García Nauffal Financial Holdings · Ignacio Camí Casellas Communication & Institu. Relations · Ramon Rovira Pol Corporate Operations · Joan M. Grumé Sierra Internal Audit · Nuria Lázaro Rubio Legal · Gonzalo Barettino Coloma
Territorial managers Catalonia · Luis Buil Vall Centre · Blanca Montero Corominas Southern Region · Juan Krauel Alonso North-West · Pablo Junceda Moreno Northern Region · Pedro E. Sánchez Sologaistua Eastern · Jaime Matas Vallverdú
10
Contents 1.
Description, mission and values, milestones
2.
Shareholder & management structure
3.
Financial highlights
4.
A multibrand, multichannel strategy
5.
Branch network
6.
Market position
11
1Q Results
1Q13
1Q14
1Q13 vs. 1Q14
Net Interest Income
451,2
530,0
17,5%
Equity Method & Dividends Commissions Trading Income & Forex Other Operating Results Gross Operating Income
-6.3 168.4 292.8 -26.3 879.8
0.0 201.0 946.7 -29.7 1,648.0
------19.3% 223.3% 12.8% 87.3%
Personnel Costs Administrative Costs Depreciations
-260.3 -147.1 -50.4
-298.8 -151.9 -68.0
14.8% 3.2% 34.9%
Pre-provisions Income
422.0
1,129.4
167.6%
Total Provisions & Impairments Gains on sale of assets
-324.9 -2.5
-1,096.5 69.9
237.5% --
94.6 -43.4
102.8 -21.7
8,8% -50,1%
51.1
81.2
58.8%
Profit before taxes Taxes and others Attributable Net Profit
In millions of euros. 2014 includes BMN-Penedès, Lloyds Espaùa and Banco Gallego.
Ratings and solvency ratios
Ratings
DBRS 19.03.2013
Solvency Long term
Short term
A (low)
R-1 (low)
Other
RĂ tio Tier I (%)*
Negative Outlook
10.6 Standard&Poors 15.10.2013
Moody’s 15.1.2014
BB
B
Negative Outlook
Ba2
NP
Financial Strength: -D
1Q13
11.2
1Q14
Calculated in accordance with Basilea II
13
Contents 1.
Description, mission and values, milestones
2.
Shareholder & management structure
3.
Financial highlights
4.
A multibrand, multichannel strategy
5.
Branch network
6.
Market position
Domestic Branch Network
SabadellCAM branches are shown in grey, SabadellHerrero branches in red, SabadellGuipuzcoano branches in deep blue, SabadellGallego brances in pistachio and SabadellSolbank branches in fuchsia. 15
A Multibranding Strategy • Commercial and Corporate Banking • Branches all over Spain (except SabadellCAM, SabadellGuipuzcoano and SabadellHerrero territories) • Commercial and Corporate Banking • Branches in Com. of Valencia and Murcia • Commercial and Corporate Banking • Branches in Basque Country, Navarre and La Rioja • Commercial and Corporate Banking • Branches in Asturias and León • Commercial Banking for European individuals living in Spanish tourist areas • Branches in Mediterranean coastal areas and Spanish islands • Private Banking • Branches all over Spain • Commercial and Corporate Banking • Branches in Galicia 16
Subsidiaries • Banking for individuals active in e-financial markets • ‘Centros Activo’ in Madrid and Barcelona
• 95% Banco Sabadell • Commercial and Corporate Banking • Private Banking • Branches in South Florida • 51% Banco Sabadell · 49% local shareholders • Commercial Banking • Branches in Andorra
•100% Banco Sabadell • Private consumer financing
17
Organizational Structure
Customers
Cross-businesses
Venture Capital
Banks and financial subsidiaries
Commercial Banking
Asset Management
SĂnia Renovables
BanSabadell FINCOM
Corporate Banking & Global Operations
Treasury and Capital Markets
Aurica XXI
BancAssurance
SME Banking
Security Trading and Custody
Bidsa
BancSabadell d’Andorra
Investment Banking
Investment Management
Private Banking BS International
18
Banco Sabadell on social networks
19
Contents 1.
Description, mission and values, milestones
2.
Shareholder & management structure
3.
Financial highlights
4.
A multibrand, multichannel strategy
5.
Branch network
6.
Market position
Branches Total network: 2,343 branches
In Spain 2,295
Abroad 48
Spanish Autonomous Communities Andalusia 138 Aragon 40 Asturias 146 Balearic Islands 65 Canary Islands 31 Cantabria 6 Castilla-La Mancha 23 Castilla and Le贸n 64 Catalonia 747 Ceuta and Melilla 2 Com. of Valencia 398 Extremadura 6 Galicia 130 La Rioja 7 Madrid 217 Murcia 149 Navarre 19 Basque Country 107 21
Banco Sabadell in the world
Branches
Affiliates and subsidiaries
Representative offices
1 London
5 Andorra
8 Algiers (Algeria)
2 Miami
6 USA
9 S창o Paulo (Brazil)
3 Paris
7 Portugal
10 Beijing (China)
4 Casablanca
11 Shanghai (China) 12 New York (USA) 13 Dubai (United Arab Emirates) 14 New Delhi (India) 15 Mexico DF (Mexico) 16 Warsaw (Poland) 17 Santo Domingo (Dominican R.)
6 15
12
7
2
4
17
18 Singapore (Singapore)
16 1 3 5 19 8
10 11 13
19 Istanbul (Turkey) 20 Caracas (Venezuela)
14 20 18 9
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Contents 1.
Description, mission and values, milestones
2.
Shareholder & management structure
3.
Financial highlights
4.
A multibrand, multichannel strategy
5.
Branch network
6.
Market position
Market position 路 1 Total assets Santander BBVA Caixabank Sabadell Popular Bankinter
Loans* 1,168,718 599,135 331,376 161,094 153,672 55,196
Deposits Santander Caixabank BBVA Sabadell Popular Bankinter
Caixabank BBVA Santander Sabadell Popular Bankinter
201,357 184,811 170,542 124,834 109,972 41,950
Mutual Funds 185,211 171,964 156,123 101,538 95,728 28,936
Santander BBVA Caixabank Sabadell Popular Bankinter
111,392 45,542 29,700 12,318 8,590 6,497
In milions of euros *BBVA and Santander represent credit and resources in Spain with no property sector.
24
Market position ¡ 2 Shareholders’ equity
Santander BBVA Caixabank Sabadell Popular Bankinter
Acumulated net profit (1T14) 85,631 45,830 23,711 12,318 8,590 6,497
In milions of euros
1,303 624 152 81 63 60
Employees
Branches in Spain Caixabank Santander BBVA Sabadell Popular Bankinter
Santander BBVA Caixabank Sabadell Popular Bankinter
5,716 4,000 3,231 2,295 1,965 523
Santander BBVA Caixabank Sabadell Popular Bankinter
185,165 109,079 31,687 17,924 15,430 6,015 25
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