• Josep Oliu: "On our 145th anniversary, Banco Sabadell is entering a new stage. The bank’s ability to reach this point has been driven by its consistent capacity to evolve alongside shifting economic conditions and market dynamics — particularly in response to technological change."
  • Marc Armengol: "Banco Sabadell is delivering a strong performance today, and has an even brighter future ahead. We are entering the next phase of growth — taking the business to the next level for our customers, while continuing to deliver sustainable value and long-term growth for shareholders."
  • César González-Bueno: "Banco Sabadell is a profitable, well capitalised bank, recognised by the market, and with a bright future."
  • Shareholders support the election of Carlos Ventura as executive director
  • The General Meeting approves the capital reduction derived from the share buyback programme worth €800 million to remunerate shareholders
  • Pedro Fontana, Luis Deulofeu and George Donald Johnston III are re-elected as independent directors

May 6, 2026

Marc Armengol has today assumed the position of CEO and Chief Executive Officer of Banco Sabadell, following the bank's General Shareholders' Meeting ratifying his appointment as Executive Director - at the proposal of the Board of Directors and after having received the mandatory authorisation from the European Central Bank (ECB).

Armengol replaces César González-Bueno, who has been Banco Sabadell's chief executive since the beginning of 2021.
At the meeting, held in the city of Sabadell, the Board also supported the appointment of Carlos Ventura, General Business Manager in Spain, as executive director. It has also approved the redemption of shares worth €800 million from the share buyback programmes underway as a means of remunerating shareholders.

The Chairman of Banco Sabadell, Josep Oliu, said: "On our 145th anniversary, Banco Sabadell is entering a new stage. The bank’s ability to reach this point has been driven by its consistent capacity to evolve alongside shifting economic conditions and market dynamics — particularly in response to technological change."

"Since its inception, Banco Sabadell has been able to combine a unique culture of strong customer relationships and solid business values in its business model. Non-conformity, innovation, forward thinking and the ability to adapt quickly and continuously to change are at the core of the bank’s DNA" said the Chairman.

"Banco Sabadell is today Spain’s fourth-largest banking group — a profitable, well-capitalised and firmly established institution that plays a central role in supporting economic growth and financial cohesion across the country. The bank remains on track to deliver the targets set out in its Strategic Plan, underpinned by a business model focused on long-term sustainable competitiveness through service excellence, customer proximity and technological leadership.”

“Our bank is one of the strongest and most resilient institutions in the Spanish financial system, and we are well positioned to lead the next phase of transformation in Spanish banking,” the Chairman said.

Oliu noted that “the bank is entering a new chapter under the leadership of incoming CEO Marc Armengol, highlighting his strong leadership credentials and deep international experience within the group. He said the appointment reflects Armengol’s extensive understanding of the banking industry, particularly in the areas of technology and organisational transformation."

He also paid tribute to outgoing CEO César González-Bueno for leading “a profound transformation of the bank” and delivering “outstanding management” during his tenure.

Objective: To become Spain’s leading relationship bank

The new CEO, Marc Armengol, said during the Meeting: "Banco Sabadell is delivering a strong performance today, and has an even brighter future ahead. We are entering the next phase of growth — taking the business to the next level for our customers, while continuing to deliver sustainable value and long-term growth for shareholders."

Armengol stressed that "Our ambition is to become Spain’s leading relationship bank. My commitment is that any client, whether a company or an individual, who has a business or personal endeavour that requires a banking relationship, will find in Banco Sabadell the best possible partner for that journey".

Following the recent sale of TSB, the new CEO said, "Banco Sabadell will become a bank even closer to its home market of Spain, with more capacity to listen to our customers and deliver faster responses. Simplifying our way of working, improving the speed of our decision-making, and taking advantage of technology, all delivered in partnership with the most committed and professional staff in Spanish banking, will place us in a more competitive and profitable position".

"I have been fortunate to spend a large part of my career working in this business, which has given me the opportunity to lead projects in different countries, with different roles and at various key moments of the bank. This trajectory has instilled in me a deep knowledge and understanding of the bank - how it works, how it makes its decisions, what makes us strong and how it must evolve for the future. Most importantly, I am fully aware of the value the bank can bring to customers and shareholders," said Armengol.

The new CEO thanked the Board of Directors, the chairman and its shareholders for their trust, and had "a very special thanks to all colleagues at Banco Sabadell, the management team and César González-Bueno who, with their effort and dedication over the past few years, have positioned the bank for the future – leaving it in a good financial position and with strong customer relationships."

The CEO, César González-Bueno, stated during his speech at the Shareholders' Meeting that, thanks to the transformation strategy of recent years, Banco Sabadell is a profitable, well capitalised bank, recognised by the market, and with a bright future."

González-Bueno emphasised shareholder remuneration. He said: "We have a strong capacity to generate capital and a firm commitment to distribute it to our shareholders. The share price has increased 12.3-fold from the end of 2020 to the end of 2025. Banco Sabadell has been the best stock on the Ibex and the best among European banks in this period".

With regard to the 2025 financial year, César González-Bueno remarked that "total shareholder remuneration has amounted to 1,500 million euros, close to 9% of our market capitalisation as of 31 December. It is the highest return among Spanish listed banks." Aligned with this, he noted that "on May 29, an extraordinary dividend of 50 cents per share will be paid to shareholders. An impressive figure."

González-Bueno addressed the new CEO of Banco Sabadell, saying: "Marc, you are the right person to lead Banco Sabadell over the next period. You are a manager with proven experience, both national and international. Your recent performance at the helm of TSB demonstrates this. You have strategic vision and deep technological and commercial knowledge. Marc, I wish you every success and I know you will have it!".

"The past five years have been intense, demanding, and often complex. However, they have always been exciting. We have overcome great challenges, and have achieved goals that have made us all proud. These have been five wonderful years," he concluded.

Shareholder support for management

The Shareholders' Meeting had a quorum of 71.62% and during the course of the meeting the proposed items on the agenda were approved, such as shareholder support for the management of the bank's management team during the past year.

The Meeting also approved the re-election of Pedro Fontana García, Luis Deulofeu Fuguet and George Donald Johnston III as independent directors.