Feb 20 • 17:29 UTC 🇪🇸 Spain El País

Banco Sabadell distributed 1.8 million to its president and 4.8 million to the CEO in the year of the takeover bid

Banco Sabadell's president and CEO received significantly different compensations in a year marked by a hostile takeover bid.

Banco Sabadell's financial performance in 2025 has generated both satisfaction among its management team and disparities in executive compensation. President Josep Oliu earned €1.85 million, representing a 3.9% decrease compared to the previous year, while CEO César González-Bueno received €4.8 million, a 45% increase from 2024. The differences in pay highlight contrasting roles and outcomes within the company despite the management's collective success in navigating a hostile takeover attempt by BBVA.

The context involves a robust year for Banco Sabadell, during which it successfully withstood a hostile takeover bid from BBVA, a major competitor in the Spanish banking sector. While the management might be celebrating the stabilization and successful operation of the bank amid external pressures, the remuneration structures suggest a need for internal alignment in how executive performance and responsibilities are valued. The upcoming transition in leadership, with González-Bueno set to be replaced by Marc Armengol, adds another layer of complexity to these discussions.

As the banking industry in Spain continues to face challenges and consolidation, the responses from banks like Banco Sabadell may draw scrutiny. The stark compensation differences between the two top executives could impact employee morale and stakeholder perceptions. As new leadership comes in, it will be essential for the bank to ensure a cohesive and unified approach to both its management and operational strategies in the evolving financial landscape.

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