BBVA proposes that the new bank with Sabadell have its operational headquarters in Catalonia.
BBVA proposes that the new bank resulting from the merger with Sabadell will have its operational headquarters in Catalonia. This fact would be a key turning point in times like these, since Sabadell was the first bank and one of the first companies to leave the region along with Procés when they decided to locate their headquarters in Alicante. Despite this, the structure, led by Josep Oliu and Cesar Gonzalez Bueno, has always wanted to maintain its operational headquarters in the region.
The created bank proposed by BBVA will therefore be headquartered in Bilbao, as is the current Basque bank, although it will use two operational headquarters: Madrid and Sant Cugat (Barcelona).
“BBVA emphasizes its full commitment to Catalonia. a key market for both companies. From a position of greater strength, the combined organization will strengthen its support for the business, cultural, scientific and social fabric of Catalonia through banking activities and related funds. In addition, the new bank will have dual operational headquarters in Spain, one of them at the Banco Sabadell corporate center in Sant Cugat, and will strengthen Barcelona’s role as a European hub for the world’s most innovative and disruptive companies.” The letter says it was sent Wednesday morning.
As for the headquarters, every time one of the bank’s directors was asked about the possibility of returning it to Catalonia, the answers were very similar. “We are scattered all over Spain. We came here because of an accident, as our response to clients’ reactions to a particular political movement. It’s neutral for us. Now that we are in Alicante, things are not going so badly for us and we are more present on our side in the province of Alicante, which has the highest market share, as in Murcia and the rest of the Community,” said the President of the whole in a few weeks. back de Sabadell, Josep Oliu.
In this sense, just before the shareholders meeting, in which some participants also asked him this question, Oliu noted that “there is no reason for change, but the bank is always aware of what may happen in the future.” the environment, obviously.”