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Sabadell's NII Target Of €3.9 Billion In 2027 Is Achievable, CFO Says

By Reuters News

Oct 29 (Reuters) - Chief Financial Officer of Banco de Sabadell SABE.MC, Sergio Palavecino:

  • NET INTEREST INCOME TARGET OF €3.9 BILLION IN 2027 IS ACHIEVABLE

  • BANK SEES FRENCH LENDER BPCE AS STABLE SHAREHOLDER

  • DEPOSIT COSTS TO KEEP RISING BUT BANK EXPECTS HIGHER YIELDS IN LOANS TO OFFSET IMPACT

  • SABADELL CEO MARC ARMENGOL: BELIEVES THAT AGREEMENT WITH AMUNDI WILL ENABLE BANK TO FOCUS ON MORE WEALTHY CUSTOMERS

  • ARMENGOL: BANK REMAINS FOCUSED ON ORGANIC GROWTH AND NOT LOOKING FOR ANY M&A OPTIONS

Further company coverage: SABE.MC

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