Sareb

Sareb (Sociedad de Gestión de Activos procedentes de la Restructuración Bancaria, S.A), was incorporated on November 28, 2012 as a public limited company with a fixed term (November 2027).

FROB subscribed 45% of the shares and 45.9% of the subordinated debt. Following the modifications introduced by Royal Decree-Law 1/2022, FROB took control in April 2022, with 50.14% of Sareb’s capital.

Sareb’s Board of Directors is currently made up of 9 members: a non-executive Chairman, the Chief Executive Officer, three independent directors and four proprietary directors, all appointed by FROB.

In the new public context, FROB has assumed functions of control over the remuneration system and supervision of the procurement activity, in addition to its tasks as shareholder and Director. FROB ensures that Sareb is managed in accordance with the general principles of transparency, professional management and sustainability and social utility, with the objective of maximizing the company’s value and its positive impact on society.

• Sareb webpage: www.sareb.es