Banco Sabadell’s chairman apologized after Israeli clients in Spain reported account restrictions and delayed transfers, saying revised procedures followed an internal compliance misunderstanding.
The Banco Sabadell logo can be seen behind leaves on top of a building outside Madrid, Spain, April 13, 2016.(photo credit: REUTERS/Andrea Comas)
A major Spanish bank chairman apologized for what he described as an internal compliance misunderstanding after Israeli clients in Spain reported account restrictions and delayed transfers linked to new government measures.
In a letter revealed by The Jerusalem Post, Banco Sabadell chairman Josep Oliu wrote to President Isaac Herzog expressing support for Israel and saying the bank had revised its procedures after some internal teams’ early handling may have created the wrong impression about its treatment of Israeli customers.



















