[3][4] In February 2014, Banco Sabadell started its 2014–2016 business plan, Triple, that aims to leverage its new size and margin-generating capability.

Over time, these industrialists specialized in financial operations, but no institution offered the long-term credit necessary for purchasing raw materials, such as wool imported from Argentina or Australia.

The goal was to establish an institution that could facilitate payments at the local level, provide short-term credit, and support investments in international raw materials.

The bank’s initial share capital was set at 10 million pesetas, contributed by 127 shareholders, the majority from Sabadell, with a handful from Barcelona and one from Barberà del Vallès.

In addition to traditional banking, Banco Sabadell initially engaged in other business activities, including buying and selling raw materials, importing machinery, and establishing electrical installations.

A year later, in 1954, the bank opened its first purpose-built branch in Plaça de Sant Roc in Sabadell, strategically located between the city hall and the former Ateneu Sabadellenc.

This subsidiary was tasked with overseeing app development, software innovation, and cybersecurity, marking a major step in the bank’s commitment to digital transformation.

Notably, it acquired Caja de Ahorros del Mediterráneo (CAM) in 2012 for the symbolic price of one euro, integrating its network into the Sabadell group.

The political turmoil in Catalonia during the 2017 independence referendum led Banco Sabadell to relocate its corporate headquarters to Alicante (in Valencia, another autonomous communitie of Spain on October 5, 2017, citing the need to ensure the stability of deposits and customer confidence.

Banco Sabadell remains a key player in Spain’s banking sector and has continued its growth and strategic focus into 2023.

The bank manages assets valued at approximately €235 billion, marking a 6.4% decrease year-over-year due to repayments on TLTRO III loans.

Banco Sabadell 53 international branches and representative offices in Algiers, Peking, Caracas, Dubai, Istanbul, Mexico City, New York, New Delhi, Santo Domingo, São Paulo, Shanghai, Singapore and Warsaw.