Banco De Sabadell Sa Ord (BNDSF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining Sabadell's results presentation for the fourth quarter and the full year 2025. We are joined today by our CEO, César González Bueno, and our CFO, Sergio Palagecino. The presentation will follow a similar format as in previous quarters. First, our CEO will walk us through the key highlights of the year. Then, our CFO will go into the financials and the balance sheet before our CEO concludes with closing remarks. Finally, we will open the floor for a live Q&A session where you can ask your questions. So, Cesar, over to you. Thank you, Juk, and good morning, everyone. We announced yesterday that the Board of Directors of the Bank and I have agreed on my resignation as Sabadell CEO, while Marc Armengol has been appointed new CEO. These changes will take place around May, following our AGM, and once regulatory approvals have been obtained. Until then, I will remain Salvador's CEO, and Marc will remain TSB's CEO. And I think now is the right moment for me to step down, and I say that absolutely sincerely. Our current strategic plan is solid and well-defined and supported well. by everyone, including Mark, who has been a great part of its construction. Targets for 26 and 27 are ambitious, but achievable. And we are in course. And now it's all about execution, execution and execution of the current plan and planting seeds for an exciting future. Therefore, the bank is on the right track. to deliver its targets. And just very briefly, on a more personal note, look, I had opted for retirement six years ago. And the opportunity of joining Sabadell was so tempting that I couldn't let it pass. I was called for this project. I could not refuse. It has been far more exciting and rewarding than I could have expected. And I think now it's the t...