Banco Sabadell has decided to move its corporate registered address outside of Catalonia, Europa Press reported.

The decision was made at an extraordinary board meeting on Thursday evening.

The bank had filed a note with the Spanish stock regulator, CNMV, on Thursday afternoon announcing the extraordinary board meeting this evening to discuss a change of address.

Sabadell stock rose throughout the session in Madrid, closing up 6.16% at €1.69 a share.

Banco Sabadell communicated the change of corporate address the CNMV shortly before 8 p.m. on Thursday evening. It is now registered in Alicante (Valencia).