Banco Sabadell will provide 44.000 million Mexican pesos to companies in Mexico during 2017

These placement data show a growth of 30% compared to 2016

2017 represents a key year both for the development of the business in Mexico, and in its search to consolidate itself as a key player within the Mexican market.

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Banco Sabadell plans to end 2017 with a placement of 44.000 million Mexican pesos in credit to companies and corporations, between the two entities, Bank and SOFOM, which will allow it to increase its client portfolio by 92% and increase its business volume by 32% to 47.024.000 Mexican pesos.

 

All of this is part of its consolidation process as a relevant player within the country's banking sector, and in which 2017 represents a key year for the development of the institution. On the one hand, it contemplates an ambitious deployment of 12 new products in business banking and corporate banking and, on the other hand, it plans to begin a first phase in terms of personal banking, under a 100% digital concept in accordance with current consumer trends.

 

Similarly, Banco Sabadell intends to continue growing at a sustained pace and expanding its presence in the market, especially in highly urban and industrial geographies. For 2017, it contemplates the opening of 7 new business banking centers in the CDMX (3) Guadalajara (1) Monterrey (1) and the Bajío area (2), as well as the growth of its workforce by 68%.

 

Jaime Guardiola, CEO of Banco Sabadell, comments that the operation in Mexico has presented an outstanding evolution that has been contributing positively to the Banco Sabadell Group P&L. “We continue to see this operation as a long-term project, under a high growth projection and with a growing financing rate in the short term.”

 

 

 

Banco Sabadell has presented growth that has exceeded expectations in its volumes established for the first 12 months of activity

 

 

 

Francesc Noguera, general director of Banco Sabadell in Mexico, complements: “In Mexico “We have found an enormous appetite for business credit and a very positive acceptance, as well as opportunities for credit placement that we will seek to continue expanding positively, through a value proposition focused on proximity, commitment and quality of service.” .

 

 First anniversary in Mexico

 

A little over a year after having formally started operations in the country, Banco Sabadell has presented growth that has exceeded the growth forecast in its volumes established for the first 12 months of activity. At the end of 2016, the Bank has acquired more than 360 clients both in Business and Corporate Banking (85% of them Mexican companies), through a portfolio focused on Tier 1 and Tier 2 companies, with high credit ratings. Likewise, the Institution reached 29.744 million Mexican pesos in placement and 1.098 million Mexican pesos in deposits for Corporate banking, while through the Company banking It reached 4.224 million in placement and 573 million in deposits, positioning itself as a relevant player in the sector.

 

Similarly, Banco Sabadell opened 6 business centers in the Mexico City, Monterrey, Guadalajara and Cancun, expanded its portfolio to more than 15 products and services and closed the year with a workforce of 178 employees, almost double that of the end of 2015.

Mobile App Launch for Companies

 

Along with the presentation of plans and results, Banco Sabadell also held the official launch of the Mobile App for Businesses, which offers its clients the ability to consult and confirm their financial transactions through their mobile device in an agile, simple and secure way. The application allows you to manage a business banking account from anywhere, offers the immediacy to consult and authorize any financial operation or investment status of a company remotely and allows you to have immediate contact with the director or banking executive, through a visual, intuitive and cutting-edge interface.

 

About the launch, Francesc Noguera commented: “The Mobile App for Businesses It is the first novelty of our deployment of products focused on providing all our clients with the highest quality of service. Through this application we seek to provide a service in line with contemporary digital trends and mobile needs of our clients, which not only provides security and privacy to all their queries, but also allows us to be closer to them."