Credit risk at record low despite war, bank CEO says

• The bank is experiencing headwinds from inflation and general uncertainty.
• Despite headwinds, the bank saw 6% year-on-year growth in both assets and liabilities.
• Credit risk is at its lowest ever, with the credit cost at 38 basis points overall.
• Expected interest rate increases (approximately three 25 basis point hikes) are viewed as a positive tailwind for the bank's P&L.

Banco Sabadell CEO César González-Bueno acknowledges economic headwinds like inflation and uncertainty but highlights the bank's strong performance with 6% year-on-year growth in assets and liabilities, and credit risk at a record low. He anticipates expected interest rate increases to act as a significant tailwind for the bank's profitability.