SABADELL CEO SAYS 2024 FULL-YEAR PROFIT COULD TOP 1.6 BLN EUROS

The CEO of Spain's Sabadell, Cesar Gonzalez-Bueno, on Thursday said the bank could earn more than 1.6 billion euros ($1.76 billion) in net profit in 2024 if it manages to perform as well in the second half of the year as it did in the first.

Sabadell is trying to fend off an around 12 billion euro hostile takeover by rival BBVA. In July, Sabadell said it expected to end 2024 with a net profit above 1.4 billion euros, taking into account a target of above 13% for the year's return on tangible equity ratio, a measure of profitability.

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