BBVA-Sabadell combination: a stronger and more efficient bank, with more than 100 million customers

Size is becoming increasingly important in the financial sector in meeting the fixed costs associated with growing investments in technology (digitization, cybersecurity, data, artificial intelligence, etc.). Greater scale will allow these costs to be diluted among a larger customer base, thus unlocking greater efficiencies.

The combined entity would be a benchmark in the market by volume of assets, loans and deposits. It would also have more than 100 million customers and assets exceeding one trillion euros at a global level. In Spain, it would be the second largest banking group in terms of market share in loans, with total assets amounting to 265 billion euros¹.

Moreover, the combination of BBVA and Banco Sabadell would bring together two businesses that are highly synergistic, owing to their positioning in different customer segments in Spain. While Banco Sabadell has a greater weight in small and medium-sized companies, BBVA is positioned more heavily in the retail and large companies segment. Moreover, Banco Sabadell's presence in the UK would build on BBVA's global scale and its leadership in Mexico, Türkiye and South America. The merged entity would have an improved product offering for households and SMEs and a greater capacity to support companies in their international expansion..

The combination would amplify the new entity's ability to provide credit to the real economy--with an estimated future impact of an additional €5 billion per year. It would also contribute significantly to the process of transformation, innovation and decarbonization of society, as both banks have a clear strategic focus on digitization and sustainability.