Sabadell defies takeover rumors with record profit

The Spanish bank Sabadell set a new record in the third quarter with a net profit of 503 million euros. Compared to the same period last year, this represents an increase of eight percent. This exceeds the expectations of analysts, who had anticipated a profit of only 447 million euros. A significant factor contributing to this positive result is the reduced provisions for loan losses. While Sabadell can present these gratifying figures, there is simultaneously a takeover bid from BBVA, which opposes the bank's independence efforts. Amid uncertain market conditions, Sabadell proves to be resilient, sending a clear signal of strength to its investors. The bank remains optimistic about continuing its growth trajectory and actively tackling existing challenges.