The first meeting between the top management of Banc Sabadell and its shareholders, held on December 18, 2025, served to clarify the entity's future strategy. Josep Oliu, the bank's president, ruled out any corporate operation with other entities during the current year and, "probably," the following one, addressing approximately 200 shareholders.
“"In the future, God will tell"
Oliu stressed that the topic of mergers is a matter of "fashion," but that now "is not the time to talk about it," especially with Santander, which purchased TSB from Sabadell. The president highlighted the "super key" role of shareholders during the hostile OPA launched by BBVA, stating that the result exceeded "any forecast."
Only 25% of Sabadell shareholders accepted the BBVA offer, a figure well below the 30% minimum expected by the markets. Regarding remuneration, the management anticipates recurrent dividends higher than 20 cents per share, with a complementary payment for the 2025 fiscal year expected to be around 750 million euros.
The 50-cent per share superdividend, resulting from the sale of TSB, will be paid around April or May next year, on the last day of the month following the definitive closing of the operation.




