Bbva and Banco Sabadell No Longer Hide Their Cards: This Confirms They Are Very Serious

In recent months, we have witnessed a considerable increase in strategic moves by BBVA and Banco Sabadell. The takeover bid surrounding both banks has made headlines. But now, with the latest employment data, it is clear that these entities are betting heavily on the future

Especially in a banking sector that has seen employment continuously decline since 2008. There is no doubt that BBVA and Banco Sabadell are not only taking their expansion plans very seriously. They are also setting the path for the future of banking in Spain.

Growth in Employment: BBVA and Banco Sabadell Lead the Way

One of the most striking aspects of this change in direction is the employment growth that both banks have experienced in 2024. According to the latest data, BBVA and Banco Sabadell were the banks that increased their workforce the most in the last year. Together they accounted for almost 60% of the new hires in the major banking sector in Spain.

In total, the banking sector in the country added 3,200 new workers in 2024. Of those, nearly 2,000 were hired by these two financial giants.

The case of BBVA is especially significant. The entity chaired by Carlos Torres managed to increase its workforce by 1,444 employees. This allowed the bank's total number of workers to exceed 28,800 in Spain.

This strong commitment to hiring is mainly focused on technological profiles. They have become essential for banks in their digital transformation. In fact, BBVA has incorporated numerous specialists in areas such as cybersecurity, artificial intelligence, and the development of new banking solutions.

Meanwhile, Banco Sabadell has also taken a big step forward in terms of its personnel growth. The Catalan bank added 500 new employees, reaching 13,500 workers throughout Spain. As in the case of BBVA, most of Banco Sabadell's new hires are technological profiles.

In this case, business developers, financial analysts, and experts in support and data analysis stand out. This increase in their workforce reflects Banco Sabadell's clear commitment to innovate in the digital field and improve the efficiency of its services.

A Shift in Banking Employment Trend

The most interesting aspect of this increase in personnel at BBVA and Banco Sabadell is that it occurs at an atypical time. The banking sector has been facing job cuts due to automation and digitalization. Since 2008, the general trend has been workforce reduction.

However, these two banks are showing that there is a new wave of growth in the sector. Driven by the need for highly qualified employees in technology.

Moreover, this trend is expected to continue in 2025. Both entities plan to keep hiring to face the challenges posed by digital transformation and competition in the financial sector. This is not only a good omen for employment in the banking sector.

It also marks an essential change in the way banking entities are managing their evolution toward more technological banking.