Banco De Sabadell Sa Ord (BNDSF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Marc Armengol, CFO Sergio Palavecino Thank you very much, Luke, and good morning, everyone. It is a great pleasure to join you today for my first results presentation as CEO of Sabadell. I thought that before we move into the presentation, let me just briefly introduce myself. I became CEO in May after more than two decades at the group. And during that time, I have had the opportunity to work across Spain, Mexico, The United States and the United Kingdom Needing Transformation, Growth and Integration Initiatives I also served as Group COO before becoming CEO of TSB at the end of 2024. And with that, just let me turn to the presentation and start with a few opening remarks. On slide 4, I'd like to share how I see the bank today. In short, after the sale of TSB, Sabadell is now a simpler and growth-oriented Spanish bank delivering attractive shareholder returns. Five key takeaways. First, we are now fully focused on Spain, one of the most attractive banking markets in Europe. The Spanish economy is growing above the European average, employment remains strong, and balance sheets of the private sector are healthy. With regards to our size, we have the right scale to become a faster and more agile bank while we keep investing in our future. Second, Sabadell has invested a lot in having a modern IT platform and infrastructure, which gives us a strong foundation for the next phase of transformation. As I just said, we will continue to invest in technology as a key enabler looking forward. Third, we have regained commercial momentum after the end of the recent hostile tender offer. The numbers we will review today clearly show that. Fourth, employee engagement is at an all-time high, reinforcing our strong execution culture. And finally, Sabadell has a proven ability to ge...