Oliu expects profitability to increase above 13.1%, as it closed in the first half of this year, and to remain above it in 2025.
“Our strategy since 2021 has transformed the bank and its results. We are at maximum profits and with a solid capital position,” said González-Bueno.
The Public Acquisition Offer (OPA) process by BBVA will be long and is estimated to end until mid-2025; While that happens, Sabadell expects there to be months of uncertainty regarding the response of the competent authorities in Spain.
“BBVA must clarify certain magnitudes and impacts and must present the different resulting scenarios, including the cost and synergy scenario if the merger were not carried out,” Sabadell requested.
This is the second time that BBVA in Spain has wanted to make an acquisition of Sabadell, but the negotiations failed in the first negotiations, so BBVA has had to make a forced offer.
