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11/5/09 | Empresarios por el Mundo

Banco Sabadell Considers Acquiring another Bank in the U.S.


In an interview with Bloomberg, José Oliu, president of Banco Sabadell, said that his company is considering purchasing another bank in the U.S. and acquiring businesses that are the product of savings bank mergers.

 

Oliu told the American news agency that the Spanish bank, which since 2007 has bought two financial institutions in Florida, “may” acquire another.

 

He also spoke with confidence about the bank’s strong balance sheet, which as announced on October 22 showed a net profit gain of 4.6% during the first nine months of the year, to € 468.4 million.

 

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