Sabadell’s lending profits are under pressure as falling interest rates squeeze margins, but the bank’s net profit surged 28% thanks to the TSB sale—rising to €624 million. Even excluding that one-time gain, profits climbed 48% year-over-year. The bank also announced a €331 million share buyback, signaling confidence in its future. While costs jumped 12.7% due to a Spanish early-retirement plan, quarterly expenses fell, and the plan is expected to save €40 million annually starting 2027—with some savings potentially arriving as early as this year’s second half.
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