The Association: What do we stand for?
The Association: What do we stand for?
- The main objective of the association is to represent the interests of Banco Sabadell’s shareholders. The organization advocates a diverse financial offer, as opposed to oligopolies, as the best mechanism for economic and business growth within a free market economy. Since its establishment in 1881, Banco Sabadell has been a financing tool for Spanish companies.
This formula, which has created value for the past 143 years, remains in the best economic interests of its shareholders and customers._______________________________
- It believes that the generation of value for Banco Sabadell’s shareholders is better ensured by maintaining the bank’s independence than by merging its business into a bank removed from the reality of small and medium-sized Spanish companies.
It believes that Banco Sabadell’s profitability is best maintained when more than 95% of the bank’s business is located in Western countries, avoiding the geopolitical risks of other banks exposed to countries with greater political, exchange rate and inflationary instability.
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- It advocates an institution that will ensure an increasing dividend policy, but above all a stable one, avoiding shocks for shareholders. It believes that, within the objectives set out in this charter, the bank’s activity should contribute to the economic growth and the creation of skilled jobs in all regions where Banco Sabadell has a presence.
In this sense, the association will always advocate those options that have the least impact on the bank’s jobs, thus avoiding the image of the greedy shareholder getting rich by making workers redundant.
_______________________________ - The Association also supports the energising role that the bank plays in the regions in which either the institution itself or its Banco Sabadell Foundation are present.
Finally, the Association, with its head office in the Sabadell Manufacturers’ Guild (the bank’s founding body), is keen for Banco Sabadell to celebrate its 150th anniversary as a financial institution creating wealth for its shareholders and Spanish companies.
