Banco De Sabadell Sa Ord (BNDSF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us. My name is Luke Saschrang, and I'm the head of Investor Relations and Ratings. It is a pleasure to welcome you to our second quarter 2025 results presentation. For the convenience of investors and analysts, this time, and exceptionally, the webcast is being pre-recorded, and therefore there will be no live Q&A session. In any case, our upcoming Capital Market Day will follow the usual format, with a live presentation and a Q&A session. During the event, we will be happy to answer any questions regarding both the strategic plan and the quarterly results. As always, we are joined by our CEO, Cesar González Bueno, and our CFO, Sergio Palaviacino. The presentation will follow the same structure as in previous quarters. Our CEO will begin by highlighting the key developments of the quarter and discussing the most relevant topics. Then, our CFO will cover financial results and balance sheet evolution. Finally, our CEO will conclude with some closing remarks. I will now hand over to César González Bueno to kick off the presentation. Thank you, Juk. Good morning, everyone. Before starting our presentation, please allow me to share with you a change in the results presentation for this quarter. Following the agreement on the sale of TSB, we believe that Sabadell's performance excluding TSB has become more relevant. Therefore, this quarter presentation focuses on the Spanish franchise. You will notice more detailed figures than usual, excluding TSV. We hope you find it useful. Let us begin by highlighting the performance delivered in Q2. Once again, the bank has reported a solid set of results, maintaining the positive momentum of the franchise. Starting with commercial activity, volumes continued to accelerate in Spain. Pe...