717:
519:
42:
33:
224:
206:
186:
166:
634:
542:
to €2.071 billion, including
Consulnor, thus making Banca March the third Spanish entity in the management of these institutions by volume. At the end of March 2014, March Gestión, Banca March's investment fund manager, had assets of €4.382 billion, which represents a growth of 58% compared
650:
The control of Banca March, S.A. is exercised by the 4 children of Juan March y
Servera: Juan (33.3%), Carlos (33.3%), Gloria (16.6%) and Leonor March y Delgado (16.6%), who jointly control 100% of its share capital, without any of them doing so individually. Banca March, S.A. and its shareholders
694:
A small branch network serves mainly wealthy clients, business families and companies looking for one-stop retail and corporate banking, asset management and financial products such as insurance and pensions. Non-performing loans account for 3.5 per cent of total assets, compared with a system
702:
As other
Spanish lenders grapple with offloading multi-billion euro property portfolios acquired via foreclosures, debt-for-equity and debt-for-equity swaps, March is sitting on just €97m ($ 125m) of real estate. Its only exposure to sovereign debt is €105m of Spanish
686:
Banca March, with a stressed tier one capital ratio of 19 per cent, is an anomaly in the
Spanish financial system. Neither caja nor stock market-listed lender, March is an 84-year-old family-owned bank and equity investment group based on
678:
While most scrutiny on Friday focused on the seven banks, of the 91 tested, that fell short of the 6 per cent tier one capital ratio pass mark, the exercise also shines the spotlight on the banks with the strongest capital
476:
Through Banca March and its related companies: March Gestión de Fondos, March Gestión de
Pensiones, March Vida de Seguros y Reaseguros, March JLT Correduría de Seguros, Consulnor, 360 Corporate and Inversis.
429:
bought Banco
Urquijo from the March family for €350 million. The operation was closed in two phases: first in 1998 it took over 70% of the stake and in 2004, it bought the rest.
421:
The
Marches later negotiated with banker Claudio Boada his exit from Hispano and the purchase of Banco Urquijo, an operation that was closed in 1988 for a price of 56 billion
418:(PSOE) attempted a merger of both banks with the Marches as the architects of the operation. Luis Valls-Taberner, chairman of Popular, refused outright and aborted the merger.
391:. In recent years, at the beginning of the 21st century, the growth of the network in the Balearic and Canary Islands has been complemented with the expansion in the areas of
660:
319:
Since the beginning of the 21st century, March has continued to expand its operations in the
Balearic and Canary Islands, has begun operations in the tourist destinations of
777:
730:
664:
327:, and London. The March family is a well known banking dynasty in Spain, sometimes mentioned alongside Europe's biggest banking families, the
535:
result attributed to Banca March, S.A. at 31 December 2019 was €125.06 million, 18.8% higher than the same period of the previous year.
821:
799:
515:
Corporación
Financiera Alba is also a reference shareholder of Deyá Capital, with which it participates in unlisted companies.
810:
346:
862:
788:
546:
Banca March delinquency stood at 1.82% in
December 2019, reaching the coverage of non-performing risks at 54.87%.
451:
415:
578:
565:
489:
312:. In 1974 it initiated an expansion onto the Spanish peninsula and in 1989 it began serious operations in the
240:
538:
Client banking resources increased by 5.5% and disintermediation by 32.3%, bringing the assets managed in
832:
778:
EuropaPress: Moody's mantiene el rating de Banca March en 'A3' con perspectiva estable – April 29, 2020
492:, of which Banca March is the main shareholder. It participates in publicly-listed companies such as
447:
376:, progressively expanding throughout the 20th century and becoming an independent bank in all of the
442:
At present, Banca March is allegedly pursuing a deeper strategic business model mainly focused on
411:
857:
465:
The March Group maintains a structure that responds to the development of two main activities:
407:
766:
556:
During 2013, Banca March acquired 100% of Inversis Banco, thus becoming the sole shareholder.
150:
8:
366:
342:
286:
282:
146:
69:
380:. The main objective was to finance a part of the business activities of its founder.
384:
358:
328:
290:
90:
568:, co-chaired by Juan March y Delgado and his brother Carlos. Alba's shares include:
735:
626:
620:
455:
377:
332:
309:
264:
103:
669:
443:
138:
590:
584:
564:
Apart from its banking activity, Banca March has a publicly-listed subsidiary,
550:
505:
501:
422:
396:
388:
313:
235:
154:
142:
107:
425:(€336.57 million at the time). Subsequently, the Belgian financial group
851:
459:
722:
250:
17:
800:
Results by bank of the 2010 European Union banking stress test exercise
596:
532:
509:
301:
178:
638:
602:
400:
392:
324:
320:
41:
789:
The Guardian: Spain's strongest bank a family affair – 29 July 2010
614:
572:
549:
The Group's solvency ratio was 16.15% in December 2013, being 100%
518:
497:
493:
426:
373:
362:
32:
608:
335:
308:
but it eventually grew to be the leading independent bank in the
305:
410:, with 5% of the equity, and they controlled a similar stake in
345:. In 2010, March was deemed "the safest bank in Europe" by the
294:
47:
633:
406:
During the 80's, the Marches were the largest shareholders of
539:
270:
198:
399:, in addition to strengthening and modernizing the Madrid,
304:. In the beginning, its sphere of influence was limited to
323:
and is in the process of expanding its offices in Madrid,
654:
651:
jointly control 66.7% of Corporación Financiera Alba.
372:
At first, the bank's area of influence was limited to
273:
712:
387:
and in 1989 a significant implantation began in the
667:in terms of Tier 1 capital ratio. According to the
267:
731:List of investors in Bernard L. Madoff Securities
849:
811:Last Hour: Banca March turns 90 – April 29, 2016
559:
665:European Union banking stress test exercise
543:to the same quarter of the previous year.
40:
31:
762:
760:
758:
756:
754:
752:
750:
632:
517:
432:
850:
383:In 1974 it began its expansion in the
747:
655:2010 EU banking stress test exercise
522:The Banca March logo used until 2014
347:2010 European Union bank stress test
833:Mark Mulligan and Patrick Jenkins,
13:
637:A former branch of Banca March in
341:The bank is remarked upon for its
14:
874:
437:
715:
452:ultra high-net-worth individuals
300:The bank was founded in 1926 by
263:
223:
222:
205:
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185:
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165:
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822:Banca March: Annual Report 2018
645:
416:Spanish Socialist Workers Party
826:
815:
804:
793:
782:
771:
526:
1:
741:
7:
708:
566:Corporación Financiera Alba
560:Corporación Financiera Alba
490:Corporación Financiera Alba
357:Banca March was founded in
241:Corporación Financiera Alba
87:Av. d'Alexandre Rosselló, 8
10:
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352:
15:
863:Banks established in 1926
659:In July 2010 Banca March
289:company headquartered in
246:
234:
216:
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120:Juan March y de la Lastra
114:
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83:
75:
63:
55:
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30:
695:average of 5.5 per cent.
414:. The government of the
126:José Luis Acea Rodríguez
16:Not to be confused with
841:, July 25, 2010 ft.com
706:
698:
690:
682:
642:
523:
482:'Investment activity'
408:Banco Hispanoamericano
169:€236.232 million
699:
691:
683:
675:
636:
521:
433:Financial information
412:Banco Popular Español
209:€16.436 billion
189:€125.06 million
151:Investment management
403:and London offices.
470:'Banking activity'
218:Number of employees
27:
767:Annual report 2019
643:
524:
367:Juan March Ordinas
287:financial services
147:Investment banking
102:Spain, mainly the
70:financial services
25:
385:Iberian Peninsula
259:Banca March, S.A.
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26:Banca March, S.A.
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736:Sabadell Solbank
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627:Securitas Direct
621:Parques Reunidos
456:large-cap stocks
378:Balearic Islands
310:Balearic Islands
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46:Headquarters in
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839:Financial Times
835:The safest bank
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670:Financial Times
657:
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512:and Antevenio.
444:private banking
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283:investment bank
281:) is a Spanish
266:
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139:Private banking
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12:
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5:
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858:Banks of Spain
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585:CIE Automotive
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551:tier 1 capital
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502:CIE Automotive
486:
485:
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460:family offices
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438:Business model
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389:Canary Islands
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314:Canary Islands
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155:Private Equity
143:Retail banking
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251:bancamarch.es
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723:Banks portal
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646:Shareholders
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258:
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199:Total assets
84:Headquarters
59:Family-owned
56:Company type
22:
18:Banca Marche
661:came on top
527:Key figures
365:in 1926 by
98:Area served
852:Categories
742:References
679:positions.
597:Ebro Foods
533:net income
510:Ebro Foods
329:Rothschild
302:Juan March
179:Net income
123:(Chairman)
116:Key people
687:Mallorca.
639:Barcelona
603:Euskaltel
401:Barcelona
393:Andalusia
336:dynasties
325:Barcelona
321:Andalusia
709:See also
623:(24.98%)
617:(13.03%)
615:Viscofan
593:(10.52%)
587:(10.15%)
581:(12.06%)
575:(19.35%)
573:Acerinox
498:Prosegur
494:Acerinox
488:Through
374:Mallorca
363:Mallorca
343:solvency
135:Products
104:Balearic
64:Industry
663:of the
641:, Spain
629:(6.14%)
611:(5.36%)
609:Naturgy
423:pesetas
397:Levante
353:History
306:Majorca
247:Website
161:Revenue
110:islands
76:Founded
67:Banking
50:, Spain
703:bonds.
295:Madrid
236:Parent
229:(2019)
227:1,889
211:(2019)
191:(2019)
171:(2019)
108:Canary
89:07002
48:Madrid
605:(11%)
599:(14%)
591:Indra
540:SICAV
506:Indra
359:Palma
291:Palma
129:(CEO)
91:Palma
531:The
458:and
450:and
448:high
395:and
331:and
293:and
285:and
106:and
79:1926
579:BME
454:),
427:KBC
261:, (
854::
837:,
749:^
673::
553:.
508:,
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462:.
369:.
361:,
349:.
338:.
316:.
297:.
271:ɑː
484::
472::
446:(
277:/
274:k
268:m
265:/
20:.
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