The CEO of Banc Sabadell, César González-Bueno, assured this morning that “term deposits are arriving and progressively” and added that “with all due respect to the vice president, it will not be because she says so”. Yesterday the head of the Government’s economy portfolio, Nadia Calviño, urged banks to transfer to their clients the benefits of the rise in rates in Europe with the payment of deposits.
During his speech at the APIE seminar at the UIMP in Santander, González-Bueno listed a whole list of products marketed by the bank that offer good returns. The chief executive of the Alicante-based entity has used data from the Bank of Spain to indicate that mortgage prices are below the Euribor.
The CEO of Sabadell has reviewed the evolution of the bank in recent years since the merger negotiation with BBVA broke down. For this year, the banker has recalled that “if the analysts say that we are going to earn 1,000 million, the savings are of the order of 270 million.”
In relation to the commercial strategy, the manager has assessed the digitization process carried out and highlighted the strategy for new segments of activity. “About three months ago we launched the new private banking model with more than 400 personal bankers.” The executive also highlighted the role of the British subsidiary TSB, which has been profitable for the bank for a few months.
