Banco Sabadell relocates outside of Catalonia

The bank wants to ensure it remains under the supervision of the ECB

Catalan flag
Ivan McClellan

The board of directors of Banco Sabadell have decided to relocate its registered offices outside Catalonia.

The relocation comes in the wake of the political crisis unleashed by the independence referendum on October 1, though the vote was declared illegal by Spain’s constitutional court.

Banco Sabadell is Spain’s fifth-largest financial institution and second-largest in Catalonia, with more than €200 billion ($234 billion) in assets. The decision is intended to “protect the interests of our

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