Banco De Sabadell, S.A. (BME - BOLSAS Y MERCADOS ESPANOLES: SAB)


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Business Description
Banco de Sabadell SA is a Spain-based financial institution primarily engaged in the banking sector. The Company is structured in five areas, Commercial Banking; Corporate Banking and Global Operations; Markets and Private Banking; BS America; and Bancassurance; as well as Other Businesses. Its services and products include saving accounts, fixed-term deposits, consumer and commercial loans, financial assessment, private banking, corporate finance and other banking operations to businesses and individuals. On February 20, 2014, the Company acquired a 75% stake in Banco Gallego Vida y Pensiones SA de Seguros y Reaseguros from Caja de Seguros Reunidos, Compania de Seguros y Reaseguros SA. In May 2014, the Company completed reorganization of its insurance business, incorporating insurance business and firms inherited in bank consolidation process entailed in its acquisition of Banco CAM, BMN business in Catalonia and Aragon (Caixa Penedes), Lloyds Bank Espana and Banco Gallego.