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Banca March - Hacer crecer, seguir creciendoNews

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At Banca March, we want to keep you always informed, and this section gives you the opportunity to find out whatever you want to know about.

06/28/2017

Banca March named Best Private Bank in Spain 2017 at the Global Banking & Finance Awards

  •  For the fourth year, the magazine The European, which organises the Global Banking & Finance Awards, has recognised the strength of Banca March’s Private Banking business, with double-digit growth in its fundamental parameters.
  • The award honours excellence in financial advice and Banca March’s collective investment model, which allows customers to invest in the same products as the bank, a unique proposition in the Spanish financial market.

Banca March has been awarded with the award for Best Private Bank in Spain 2017 by magazine The European, which organises the Global Banking & Finance Awards. For the fourth consecutive year, the management and drive behind the bank’s business have been rewarded at the awards ceremony.

The candidate businesses are voted for by the magazine’s subscribers. Voting is based on criteria such as innovation, investment quality, leadership, corporate social responsibility, transparency, product development and customer service. In the case of Banca March, subscribers highlighted the dynamism of our Private Banking business, its excellence in advice and its collective investment model, unmatched by any other entity in the Spanish financial system.

The Private Banking business, the focus of Banca March’s strategy, recorded a strong boost during the first quarter of 2017. The number of customers in this business segment was up 19.3% compared to the same period of 2016; the institution's business volume increased by 13.1% and off-balance sheet funds grew by 15.6%.

José Luis Acea, CEO of Banca March, said: “The aim of Banca March is to become the benchmark institution for our customers, and to double, over the next five years, our business in private banking and family-owned companies. To do so, we’ll rely on our sound balance sheet, collective investment products and excellent consultancy services. The growth seen during the first quarter, in terms of business volume and number of customers, reflects the trust placed in our business model, which specialises in Private Banking and consultancy for companies and has yielded some of the best solvency, liquidity and non-performing asset ratios in Europe. Moreover, this strategy has been well received by our customers, as reflected by the excellent levels of perceived quality and high Net Promoter Scores.”

True to its philosophy of prudent long-term management, Banca March's business model is backed by solid financial ratios: at the end of March, the institution's solvency ratio was 21.1%, one of the highest in Europe; its non-performing loans ratio stood at only 3.9%, the lowest in the sector nationwide; and its liquidity ratio reached 318.8% at the close of the quarter.

Credit rating agency Moody’s recently upgraded Banca March’s rating for long-term debt from Baa1 to A3, the highest in the Spanish financial system, two grades higher than the Kingdom of Spain. This rating reflects Banca March’s strong credit profile and the quality of all its assets, making it one of the strongest banks in the Spanish banking sector.

The Global Banking & Finance Awards named Banca March the Best Private Bank in Europe in 2014, 2015 and 2016, and the Best Asset and Wealth Management Company in Spain in 2012. These awards stand alongside others that the bank has received in recent years. For six years in a row (2010 to 2015), the publication World Finance named Banca March as the Best Private Bank in Spain. Furthermore, the Global Banking & Finance Awards also named Banca March the Best Private Bank in Spain in 2014, 2015 and 2016, and the Best Asset and Wealth Management Company in Spain in 2013. At the IAIR European Awards in 2013 and 2014 Banca March was named the Best Private Bank in Europe for Sustainable Growth.

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