Sabadell CEO: Bank to Grow Energetically in SMEs, Private Banking; Rules Out Mergers

Banco Sabadell's CEO Armengol stated the bank will pursue more aggressive growth in SME and personal/private banking, expects margin expansion from higher interest rates, and considers itself adequately sized to compete in Spain, ruling out domestic mergers. This signals a strategic focus on organic growth rather than consolidation, which may influence investor expectations for the Spanish banking sector.