Sabadell reiterated its goal of earning 800 million in 2017 – Investing.com Spain

Investing.com – Banco Sabadell (MC: a) reiterates its target of earning 800 million euros in 2017, which would represent an increase of 12,6% compared to 2016.
For the fifth Spanish bank, 2017 will be a year of transition in which he wants to focus on reducing costs.
With that goal, it plans to close 250 branches and complete the integration of the technological platform of TSB.
Sabadell expects to 2017 a rise in the interest margin of 1% and 5% in commissions.
After presenting these figures, in the parquet of madrid, Sabadell is connected to the fall block of the banking sector in general.
Caixabank (MC: it) led the declines , with a collapse that is approaching 4%.

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