for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Sabadell books 201 mlns Q4 loss on provisions, one-off costs

MADRID, Feb 1 (Reuters) - Spain’s Banco Sabadell booked a wider than expected net loss of 201 million euros ($244 million) in the fourth quarter due to higher impairments related to the sale of non-performing loan portfolios, COVID-19 related provisions and restructuring costs, it said on Monday.

Analysts polled by Reuters had expected a loss of 132 million euros.

$1 = 0.8240 euros Reporting by Jesús Aguado, editing by Inti Landauro

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up