Sabadell stock plans 450 million euro auto-loan securitization

Banco Sabadell is preparing a securitization of part of its consumer-loan portfolio, according to a report published by El Confidencial on Friday, November 13, 2026. The Spanish lender is in talks with investors over a transaction backed by car loans originated through Sabadell Consumer.

The planned vehicle, Sabadell Consumer Finance SCF Autos 3, would have a volume of 450 million euros. The report said the bank intends to complete the transaction this month, although the interest rate has not yet been set. The information was attributed to sources familiar with the process rather than to a formal company announcement.

Balance Sheet Flexibility In Focus

The securitization would package a portfolio of consumer loans into securities sold to institutional investors, who would assume the associated risk in return for a yield. By transferring part of the exposure, Sabadell can reduce risk-weighted assets and potentially create capacity for additional lending.

The transaction would follow similar consumer-finance securitizations of 650 million euros in 2023 and 750 million euros in 2025. Sabadell is now pursuing such operations annually rather than every two years, according to the report. The new deal is intended to support balance-sheet management and capital planning as the bank moves through its 2025-2027 strategic plan.

Crédit Agricole is structuring the transaction. Crédit Agricole, Société Générale and Natixis are coordinating the process. Natixis is part of Groupe BPCE, which recently acquired a 7 percent stake in Sabadell and has indicated an intention to increase it to 9.9 percent.

Potential Support For Lending

Securitization can give banks room to originate new loans when the cost of the transaction is below their cost of capital. Sabadell could also use the resulting flexibility to strengthen its solvency buffer or preserve scope for dividends and share buybacks. The effect will depend on investor demand, final pricing and the terms of the completed deal.

The transaction fits with Sabadell's broader capital-return strategy. The bank's strategic plan includes several securitizations and a target of 6.45 billion euros in total shareholder remuneration between 2025 and 2027. The target was raised from an earlier 6.3 billion euros.

Sabadell stock traded at 3.75 euros on Lang & Schwarz at 11:42 CET on Friday, November 13, 2026. The quote provides a current market indication while investors assess whether balance-sheet actions can support loan growth and capital returns.

The Spanish banking sector remains the relevant market backdrop for investors, with further coverage in the IBEX 35 market section.

Further reports and analysis are available in the Sabadell stock coverage.