Banco de Sabadell (ES:SAB) has released an update.
Grupo Banco Sabadell reported a significant increase in first-half profits of 791 million euros for 2024, up by 40.3% year-over-year, boosted by strong business growth in SME financing, mortgages, and improved credit risk quality. The bank also raised its shareholder returns forecast to 2.9 billion euros over two years, with a promising cash dividend of eight cents per share slated for October. Additionally, Banco Sabadell’s capital solvency strengthened, with a CET1 capital ratio increase to 13.48%.
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