banco de sabadell sa raised shareholder returns for 2022 following a jump in fullyear profit partly supported by higher interest rates the spanish bank on thursday reported net profit of 859 million euros 9358 million up 62 on year compared to eur530 million mainly driven by a positive performance of core results as well cost reduction efforts at the next annual general meeting banco de sabadell said it will propose a supplementary dividend of eur002 a share which adds to the interim cash dividend of eur002 a share already approved for 2022 the board has also agreed to establish a share buyback program of up to a maximum of eur204 million out of 2022 earnings total shareholders remuneration for the year will therefore be equivalent to a 50 of the attributable net profit the bank said in the fourth quarter of the year net profit fell to eur149 million from eur161 million in the year earlier the figure was hurt by sabadells contribution to spains deposit guarantee fund the payment of the tax on deposits of credit institutions and by the agreement regarding the issues emerged following the migration of the tsb banks it platform gross operating income increased to eur127 billion in the quarter from eur112 billion net interest incomethe difference between what banks earn on loans and what they pay clients for depositsstood at eur108 billion compared with eur863 million a year earlier mainly driven by higher loan book yields and increased revenue from the fixedincome portfolio net fees and commission income decreased to eur372 million from eur397 million the bank said the return on tangible equity or rotea key measure of profitabilitystood at 78 at the end of 2022 looking at the macroeconomic environment banco de sabadell said the energy crisis in europe has become a less central topic suggesting strict rationing over the winter can be avoided mainly as a result of unusually mild temperatures inflationary pressures appear to have eased at a global scale and should now be past their peak but underlying inflationwhich excludes energy and foodhas reached alltime highs the bank said