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BancodeSabadell

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News

Spanish banks need to boost provisions amid slowdown, De Cos says

* Uncertainty has slowed down Spanish Q3 GDP, De Cos says * Bank of Spain Governor sees further slowdown in coming quarters * Banks believe for now have provisions to weather uncertainty By Jesús Aguado MADRID, Oct 4 (Reuters) - A slowdown in Spain's economy, caused partly by the fallout from Russia's invasion of Ukraine, will force Spanish banks to increase provisions to cover potential losses, Bank of Spain Governor Pablo Hernandez de Cos said on Tuesday.
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BBVA chairman sees traditional banking mergers unlikely right now

By Jesús Aguado MADRID, Sept 27 (Reuters) - A traditional banking consolidation in Europe is unlikely right now due to a lack of progress regarding the banking union, BBVA BBVA.MC Chairman Carlos Torres said on Tuesday. "It is difficult to see cross-border mergers because of the lack of functioning of the banking union, which is half done," Torres told a financial event on Tuesday.
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Sabadell acknowledges receiving interest in UK unit TSB, not willing to sell

(Corrects to add missing word 'not') MADRID, Sept 19 (Reuters) - Senior executives of Spanish lender Sabadell SABE.MC acknowledged on Monday receiving expressions of interest in its British unit TSB but said they were not considering selling it. Reporting by Jesús Aguado; editing by Emma Pinedo and Jason Neely
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Spanish government open to modifying tax on banks, energy firms

* Proposed banking tax could be modified in parliament * Shares in Spanish lenders rise on hopes for changes * Government could adapt energy tax to bring it in line with EU By Belén Carreño and Jesús Aguado MADRID, Sept 15 (Reuters) - The Spanish government is open to modifying its proposed bill on a windfall tax on banks and large energy companies to ensure that it does not hurt the country's financial stability and is in line with European proposals, ministers said on Thursday.
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Spanish Banks' ECB Borrowing At Around 289.69 Bln Euros In August - Bank Of Spain

Sept 14 (Reuters) - Bank of Spain: * SPANISH BANKS' ECB BORROWING AT AROUND 289.69 BILLION EUROS IN AUGUST Source text: Link (Gdansk Newsroom)
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