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Sabadell’s Q3 net profit rises 8% from same period in 2023 By Reuters

MADRID (Reuters) – Spain’s Sabadell on Thurday said its third-quarter net profit rose 8% from the same period in 2023 thanks to lower loan loss provisions at a moment when it tries to fend off a hostile takeover bid from rival BBVA (BME:).

Sabadell’s Q3 net profit rises 8% from same period in 2023 By Reuters

The country’s fourth-largest bank in terms of market value reported a quarterly record net profit of 503 million euros ($546.6 million) in the July to September period compared to 464 million euro in the same period last year. Analysts polled by Reuters expected a net profit of 447 million euros.

($1 = 0.9202 euros)



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