By Mauro Orru 
 

Banco de Sabadell SA said Friday that it would prioritize the Spanish market as part of a new plan aimed at increasing profitability and creating value for shareholders, after talks over a potential merger with Banco Bilbao Vizcaya Argentaria SA came to an abrupt end.

The Spanish bank said it would unveil its plan in the first quarter of 2021, but it expects it will include the expansion of the transformation program in the Spanish retail market with a neutral impact on capital.

Banco de Sabadell also said it would evaluate alternatives for value creation with regards to the group's international assets, including British lender TSB.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

November 27, 2020 01:45 ET (06:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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