Banc Sabadell wins 29% less, up to 347 million

AI Briefing

• – Banc Sabadell starts the year with a net profit of 347 million in the first quarter, a 29% decrease from the same period last year.
• – The decrease is attributed to the impact of measures such as the early retirement plan involving around 300 people and the reduction in net interest margin due to falling interest rates.
• – The bank's net interest margin fell due to the difference between what it charges for loans and what it pays for deposits.