• The Chairman underscores that reinvesting the extraordinary dividend to be paid on 29 May means actively supporting “a sound and profitable bank with strong growth prospects and one of the most attractive shareholder remuneration policies in the sector”
  • The Institution has maintained its remuneration target of 2.5 billion euros for 2026-2027, with a minimum annual distribution of 20.44 cents per share
  • Banco Sabadell’s new CEO, Marc Armengol, outlines the strategic roadmap: “Following the sale of TSB, the Bank is now focused on Spain, maintaining its differentiated relationship banking model based on close customer relations, complemented by an enhanced technological layer with a view to improving solutions and services”

19 May 206

Banco Sabadell welcomed more than 100 minority shareholders to its corporate centre in Sant Cugat (Barcelona) this Wednesday, with many more joining remotely, following the two sessions held in Valencia and Alicante.

During the meeting, the Institution reiterated its strategy of maximising shareholder value creation following the distribution of the extraordinary dividend scheduled for 29 May, while emphasising the reinvestment of the dividend as a key lever “for investing in a sound and profitable bank with strong growth prospects and one of the most attractive shareholder remuneration policies in the sector”, the Chairman, Josep Oliu, said.

It is worth noting that the extraordinary dividend will be paid out to all shareholders who own Banco Sabadell shares at close of trading on 26 May 2026. For shareholders who wish to reinvest dividends automatically in the Bank’s shares, the Banco Sabadell Shareholder Account offers the option of reinvesting all or part of the net dividend received after a 15-calendar-day period. During this 15-day period, the balance held in the account will earn interest at 7% AER, with no brokerage or maintenance fees.

Oliu stressed that reinvesting the dividend represents an attractive investment option. “Market multiples suggest that the share should be trading at a higher price, taking into account the expected profitability for 2027. When this is combined with analysts’ target prices, our share offers upside potential”, he argued.

In the same vein, the Chairman underscored that shareholder remuneration will continue to be one of Banco Sabadell’s strategic pillars, with a projected 2.5 billion euros for 2026-2027, including a minimum annual distribution of 20.44 cents per share, through a combination of cash distributions and share buybacks. Oliu highlighted the benefits of share buybacks as a complement to dividend distributions, as they are an efficient tool for increasing profits and dividends per share, improving the share price and providing tax advantages to investors, while also reinforcing that “the shares offer upside potential, as reflected by the market”.

The Chairman also stressed the role of minority shareholders who are also customers of the Bank. He described this group as the Bank’s true ‘core base’, as they hold more than 30% of the share capital and have primarily backed the Institution’s standalone project.

With regard to the corporate strategy, Oliu ruled out any mergers following the sale of TSB, reiterating that the priority is the Bank’s organic growth in Spain and its ability to adapt competitively to the evolving technological environment. “We do not expect any operation in the near term”, he stated, arguing that size alone is not the only determining factor for success in the banking sector.

Armengol underscores the objective of becoming “the best relationship bank” for its customers

The CEO, Marc Armengol, reinforced this message expressing optimism about the Bank’s prospects. He highlighted that the Institution is in a “very strong financial” position, with significantly improved profitability, a top-tier technology infrastructure, and substantial share price appreciation in recent years, with significant capacity for shareholder remuneration.

The CEO emphasised the team’s commitment and high level of internal motivation, indicating that the Bank is entering this new phase with ambition and with the aim of achieving its financial targets, creating value and further strengthening shareholder remuneration.

As for outlook, he anticipated a progressive improvement in revenues throughout the year, driven by margin expansion, increased volumes and strong fee performance, while keeping costs and risk contained.

Furthermore, Armengol defined the strategic roadmap: “Following the sale of TSB, the Bank is now focused on Spain, maintaining its differentiated relationship banking model based on close customer relations, complemented by an enhanced technological layer with a view to improving solutions and services”.

Finally, the CEO reaffirmed the Bank’s ambition to become the best relationship bank in Spain, combining a customer-centric approach with innovation and digital capabilities to meet the challenges of the new competitive landscape.