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Banco Sabadell has reached an agreement on the date hereof for the transfer of a portfolio of loans that, in turn, is composed of three sub-portfolios, mostly secured by the relevant mortgages, with an aggregate outstanding balance amounting to approximately EUR 2,295 million to Deutsche Bank and to Carval Investors (the "Transaction"). The Transaction will be closed once the relevant authorizations are obtained and the relevant conditions are fulfilled.
The Transaction will create a negative impact of circa 3 basis points on the capital ratio of Common Equity Tier 1 (fully loaded) of Banco Sabadell, which will include additional provisions with a net impact of approximately EUR 32 million in the results.
