Banco Sabadell Chosen by the best in business. And by people like you.
January 2015
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 • 2,320 branches and 17,429 employees • 6,2 million customers • Main financial data (millions of euros) Total assets: 163,345.6 Gross loans to customers: 121,140.8 Funds under management: 94,460.6
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
2014
Sabadell Capital begins operating in Mexico 6
Leadership in quality and increased brand awareness Service Quality Level Evolution of Banc Sabadell compared with the sector (1)
6.90 6.89
6.90
7.03
7.21
Increased Brand Awareness Based on 12,000 opinions polled in Spain (2)
7.42 20.7%
+94 pb
6.01
6.03
6.23
6.28 6.15
6.48
2012 2013 1T14 2T14 3T14 4T14 Sabadell
Sector
14.8%
4.2%
2010
5.7%
2011
7.9%
2012
2013
2014
In mid crisis a favourable awareness of the bank in terms of public opinion has increased fivefold
1. Source STIGA, EQUOS “RCB Objective Quality Analysis of Commercial Banking Networks (4T 2014)” 2. Font: FRS Inmark ”Financial Performance of the Retail Market in Spain 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
8
Shareholder structure At 31.12.2015
According to size of holding (% of capital) Up to 120.000 shares
36,83%
More than 120.000 shares
63,17%
Retail shareholders
53,9%
52 %
Other data 48 % Number of shares Number of shareholders Price (euros)
Institutional investors
4,024,460,614 231,481 2,205
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 Assets Transfer& Solvia · Miguel Montes Güell
Corporate Divisions Finance · Tomás Varela Muiña Financial Management: Sergio Palavacino Operations and Corpo. Development · Miguel Montes Güell Organisation et 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
4Q Results 4Q13 vs. 4Q14
4Q13
4Q14
Net Interest Income
1,814.7
2,259.7
24,5%
Equity Method & Dividends Commissions Trading Income & Forex Other Operating Results Gross Operating Income
18,4 759,7 1,547.1 -163,1 3,976.8
8,7 860,9 1,863.2 -192,0 4,800.5
--------13,3% 20,4% 17,7% 20,7%
Personnel Costs Administrative Costs Depreciations
-1,098.2 -587.9 -228.4
-1,202.6 -570.7 -278.1
9.5% -2.9% 21.7%
Pre-provisions Income
2,062.3
2,749.1
33.3%
Total Provisions & Impairments Gains on sale of assets
-1,763.6 43.9
-2,499.7 286.9
41.7% -----
Profit before taxes Taxes and others
343.2 -95.4
486. 4 -114.7
41.7% 20,3%
Attributable Net Profit
247.8
371.7
50%
2013 net profit following FGD adjustments is €145.9M In millions of euros. 2014 includes BMN-Penedès, Lloyds España and Banco Gallego. And 2013 includes seven months of BMNPenedès, six of Lloyds and two of Banco Gallego.
Ratings and solvency ratios
Ratings
DBRS 09.01.2015
Solvency Long term
Short term
A (low)
R-1 (low)
Other
Ràtio Tier I (%)*
Negative Outlook
11.7 11.1
Standard&Poors 27.01.2015
Moody’s 23.10.2014
BB+
B
Negative Outlook
Ba2
NP
Financial Strength: D-
1Q14
4Q14
Basilea III phase-in
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
•100% Banco Sabadell • Renting of vehicles, capital goods and energy efficiency •100% Banco Sabadell • SOFOM (Mexican multi-purpose financial company) 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
Sabadell Capital
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: 2,320 branches
In Spain 2,267
Abroad 53
Spanish Autonomous Communities Andalusia 142 Aragon 39 Asturias 146 Balearic Islands 65 Canary Islands 31 Cantabria 6 Castilla-La Mancha 23 Castilla and Le贸n 64 Catalonia 723 Ceuta and Melilla 2 Com. of Valencia 392 Extremadura 6 Galicia 129 La Rioja 8 Madrid 216 Murcia 149 Navarre 19 Basque Country 107 21
Banco Sabadell in the world
Branches
Affiliates and subsidiaries
Representative offices
1 London
5 Andorra
9 Algiers (Algeria)
2 Miami
6 USA
10 S창o Paulo (Brazil)
3 Paris
7 Portugal
11 Beijing (China)
4 Casablanca
8 Mexico
12 Shanghai (China) 13 New York (USA) 14 Dubai (United Arab Emirates) 15 New Delhi (India) 16 Mexico DF (Mexico) 17 Warsaw (Poland) 18 Singapore (Singapore)
6 16 8
13
7
2
4
21
17 1 3 5 19 9
11 12 14
19 Istanbul (Turkey) 20 Caracas (Venezuela) 21 Santo Domingo (Dominican R.)
15
20 18 10
22
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 Bankia Sabadell Popular Bankinter
Loans* 1,266,296 651,511 338,623 233.649 163,346 161,456 57,333
Deposits Santander Caixabank BBVA Bankia Sabadell Popular Bankinter
178,720 171,681 154,261 106,808 99,662 95,988 30,914
*BBVA and Santander represent credit and resources in Spain with no property sectori.
Caixabank BBVA Santander Bankia Sabadell Popular Bankinter Mutual fonds
197,185 173,906 162,503 121,769 121,728 108,379 42,447
Santander BBVA Caixabank Sabadell Bankia Popular Bankinter
124,708 52,782 37,482 15,706 10,392 9,499 7,233
In milions of euros.
24
Market position ¡ 2 Shareholders’ equity Santander BBVA Caixabank Popular Bankia Sabadell Bankinter
Accumlated net profit (4T14) 91,664 49,446 23,373 12,783 11,331 10,224 3,514
In milions of euros
5,816 2,618 747 620 372 330 276
Employees
Branches in Spain Caixabank Santander BBVA Sabadell Bankia Popular Bankinter
Santander BBVA Bankia Caixabank Sabadell Popular Bankinter
5,251 3,511 3,112 2,267 1,978 1,946 526
Santander BBVA Caixabank Sabadell Popular Bankia Bankinter
185,405 108,770 31,210 17,529 15,321 14,382 6,110 25
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