Banco de Sabadell, S.A. (OTCPK:BNDSF) Q1 2025 Earnings Convention Name Might 8, 2025 3:00 AM ET
Firm Individuals
Lluc Sas – Investor Relations
César González-Bueno – Chief Government Officer
Sergio Palavecino – Chief Monetary Officer
Convention Name Individuals
Francisco Riquel – Alantra
Cecilia Romero – Barclays
Ignacio Ulargui Lopez – BNP Paribas
Maksym Mishyn – JB Capital
Carlos Peixoto – CaixaBank BPI
Britta Schmidt – Autonomous Analysis
Pablo de la Torre – RBC Capital Markets
Ignacio Cerezo – UBS
Fernando Gil de Santivañes – Intesa Sanpaolo
Lluc Sas
Good morning all, and welcome to the Sabadell Outcomes Presentation for the First Quarter 2025. At the moment, we’re joined by our CEO, César González-Bueno; and our CFO, Sergio Palavecino. The presentation will take the identical construction as earlier quarters. Our CEO will start by outlining the important thing developments of the quarter, adopted by a dialogue on essentially the most important matters. Subsequent, our CFO will cowl monetary outcomes and steadiness sheet developments earlier than our CEO concludes with some closing remarks.
Lastly, we are going to open the ground for a reside Q&A session. I’ll now hand over to César González-Bueno to kick off our presentation.
César González-Bueno
Thanks, Lluc. Good morning, everybody. I’ll begin going by means of the important thing parts of this quarter in Slide 4. Firstly, the sturdy momentum in business exercise continues. Performing loans grew by 5% and buyer funds elevated by greater than 6% on the 12 months.
Secondly, asset high quality stays sturdy. The NPL ratio fell to a brand new low of two.67%, which is 79 foundation factors lower than within the earlier 12 months. This interprets into a considerable discount of the price of threat. On the finish of the primary quarter, the group’s complete value of threat stands at 35 foundation factors.
Thirdly, NII declined by 1.3% year-on-year resulting from decrease curiosity
