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Banco Sabadell hints at possibility of further mergers

Source: Reuters - Wed 16th Feb 2011

Spain's Banco Sabadell spoke today about how it sees further potential for mergers with other savings banks, but only if they are offered the right terms.

In a presentation given earlier today, the bank said it estimates that net interest income will increase by about 7 % over this year from the reported figure in 2010, with double-digit growth in retun on equity in 2013.

Shares rose by 1.4% yesterday to reach 3.09 Euros.

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