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Banca March - Crecemos con valores, crecemos juntosNews

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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.

10/22/2019

Banca March further reinforces its commitment to family businesses in the Balearic Islands

  • Banca March Chairman Juan March de la Lastra met with members of the Balearic Islands Family Business Association (ABEF).

Banca March's deep affinity with family businesses and particularly with the Balearic Islands, where the bank was founded almost 100 years ago, was clearly reflected at an event attended by a group of family businesses from Mallorca and the bank's Chairman, Juan March de la Lastra, organised by the Balearic Islands Family Business Association (ABEF).

At the event, the Chairman of Banca March, who represents the fourth generation of the only 100% family-owned bank in the Spanish financial system, presented the bank's unique, inimitable business model, intended to position Banca March as the bank of choice for family businesses and entrepreneurial families in Spain: “Banca March specialises in family businesses, entrepreneurial families and professionals; it has a strong footprint in the Balearic Islands and its activity is underpinned by a robust balance sheet, exclusive products and outstanding advisory services. As we move into the future, more than ever before, Banca March must set itself apart, generating value for customers, employees and shareholders, protecting its strong balance sheet and excellent reputation, and seeking profitability,” Juan March de la Lastra explained.

Esther Vidal, Chair of the ABEF, emphasised that Banca March is Spain's only 100% family-owned bank and that family values have always been clearly reflected in its roadmap and business strategy: “Its business model is backed by robust financial ratios; it boasts the lowest NPL ratio in the Spanish financial sector and among the highest solvency and liquidity ratios”. She also highlighted that “Banca March sponsors the Banca March Chair of Family Business [at the University of the Balearic Islands] to communicate the specific issues related to family businesses and undertake pertinent research in the field.”

A leader in Corporate Banking

Banca March continues to cement its position as a leader in the Spanish financial sector in the area of Corporate Banking, specialising particularly in businesses, family businesses and entrepreneurial families. In the first six months of 2019, lending in the Corporate Banking area increased by 13.6%.

As well as its traditional banking services (financing, payment services and foreign trade, among others), the bank also offers a series of value-added consultancy products, such as alternative financing (short, medium and long-term), M&A, direct lending, customised treasury solutions and risk hedging. This highly-specialised range of products is unparalleled in the Spanish market, and is underpinned by the bank's unwavering commitment to affording companies access to the best possible financing options through a family bank with zero conflicts of interest.

Sustained growth in the Balearic Islands

Banca March, which was founded in 1926 in Palma, continues to enjoy robust activity in its market of origin, where the bank's figures evidence its extensive knowledge of the market and the competitive advantage it enjoys as a result. The bank's NPL ratio in the Balearic Islands stood at 0.94% at the end of June. The bank has shored up its resources and customer service model in the region, as well as offering greater added value, with a highly-specialised service for the hotel sector. To further reinforce these specialist services, Banca March recently created the Leisure and Tourism Unit, with a view to offering its customers access to the bank's extensive experience in the tourism sector, as well as its specialised range of high added-value products.

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