Banco Sabadell records a profit of 1.38 billion euros until September due to the sale of TSB

Banco Sabadell reported a profit of €1.38 billion until September, a 1% decrease from last year, primarily due to the sale of TSB. Excluding TSB and extraordinary effects, the bank's profit for Q3 was €405 million, a 13% increase from the previous quarter. The bank's recurring profitability rose to 14.2%, and it plans to pay a provisional dividend of €0.07 per share. The sale of TSB contributed €322 million in capital gains, but also incurred extraordinary expenses. Total assets decreased by 18.5% year-on-year, while net interest margin showed slight growth in Q3. Overall, banking revenues reached €3.68 billion, reflecting a 0.1% increase.