Banco de Sabadell, S.A. (BNDSF) Q2 2025 Earnings Conference Call Transcript

Banco de Sabadell, S.A. (OTCPK:BNDSF) Q2 2025 Earnings Call July 24, 2025 ET

Executives

Cesar Gonzalez-Bueno Mayer Wittgenstein – CEO & Executive Director
Lluc Sas Franch – Deputy Head of Shareholder and Investor Relations
Sergio Palavecino – Chief Financial Officer

Lluc Sas Franch

Good morning, everyone, and thank you for joining us. My name is Lluc Sas, and I’m the Head of Investor Relations and Ratings. It is a pleasure to welcome you to our second quarter 2025 results presentation. For the convenience of investors and analysts, this time and exceptionally, the webcast is being prerecorded, and therefore, there will be no live Q&A session. In any case, our upcoming Capital Markets Day will follow the usual format with a live presentation and a Q&A session. During the event, we will be happy to answer any questions regarding both the strategic plan and the quarterly results.

As always, we are joined by our CEO, Cesar Gonzalez-Bueno; and our CFO, Sergio Palavecino. The presentation will follow the same structure as in previous quarters. Our CEO will begin by highlighting the key developments of the quarter and discussing the most relevant topics. Then our CFO will cover financial results and balance sheet evolution. Finally, our CEO will conclude with some closing remarks.

I will now hand over to Cesar Gonzalez-Bueno to kick off the presentation.

Cesar Gonzalez-Bueno Mayer Wittgenstein

Thank you, Lluc. Good morning, everyone. Before starting our presentation, please allow me to share with you a change in the results presentation for this quarter. Following the agreement on the sale of TSB, we believe that Sabadell’s performance, excluding TSB, has become more relevant. Therefore, this quarter presentation focuses on the Spanish franchise. You will notice more detailed figures than usual, excluding TSB. We hope you find it useful.

Let us begin