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Letter to the future Juan March de la Lastra, chairman of Banca March, shares his vision for the future.
Chairman’s statement
At Banca March, we are celebrating 100 years of progress guided by rigour, innovation and trusted relationships, and this is only the beginning of everything we can continue to achieve together.
Over these 100 years, our journey has been marked by milestones that reflect the commitment, long-term vision, professional excellence and expert advisory approach that have defined us from the outset. Each of these moments has strengthened our clients’ trust, built lasting relationships and consolidated a different way of doing banking: more robust, closer and better prepared to keep moving forward.
These are the milestones that have shaped us and made us the very different bank we are today.
1926 First branch in Palma de Mallorca.
1941 Handover to second generation.
1955 Fundación Juan March.
1974 Mainland expansion. Handover to third generation.
1986 Founding of Corporación Financiera Alba.
1987 Incorporation of SICAV Torrenova, the first vehicle that paved the way for co-investment in listed assets.
2000 Founding of March A.M.
2004 Founding of March Vida.
2008 Start of co-investment in the real economy.
2010-2011 Most solvent bank in Europe (ECB stress test).
2014 Acquisition of a 51% stake in Inversis Banco.
2015 Handover to the fourth generation.
2016 Acquisition of 100% Inversis. Bancoval purchase.
2017 Acquisition of a 100% stake in Consulnor.
2018 Founding of March P.E. Banca March acquires the "Mass Affluent" division of BNP Paribas in Spain, strengthening its offer for high-net-worth individuals.
2019 Acquisition of March JLT and renaming of March R.S. Banca March acquires 100% of March JLT and renames the brokerage as March Risk Solutions.
2020 Founding of March P.E. Banca March launches March Private Equity, the bank's private equity investment platform for high-net-worth clients.
2022Launch of Avantio,the most comprehensive investment platform on the market.
2023 Sale of 100% of March R.S. to Howden Iberia. Joint venture with Meliá Hotels International. The first entity to add an ESG rating on mortgage guarantees. We achieved an A2 rating.
2024
We bring the work of the American artist Lynda Benglis to Spain for the first time. Carlos March Delgado steps down from his position as Director.
2025
Recognised as the bank that customers trust the most, according to Stiga CX.
Sale of 49% of Inversis to Euroclear.
We look back to revisit the most important events, decade by decade. Each month, we will invite you to travel with us to the 1920s, 30s, 40s and beyond, and discover the fascinating evolution we have experienced.
One hundred years ago, my great-grandfather founded Banca March in Mallorca. Today, a century on, Banca March is one of the country’s most solvent and relevant financial institutions, an extraordinary achievement that drives us to look to the future with ambition.
Throughout this century, we have evolved and constantly adapted to changing times. But we have inherited an almost identical way of doing things: seeking to create lasting value for our environment. We serve clients, vendors, shareholders and society at large with a unique, long-term vision. This perspective, which we call Growing Together, has been the key to our success and continuity, always striving to align interests with all stakeholders.
Our family character is one of our greatest strengths. At Banca March, we think in decades, not quarters, combining respect for our legacy with fully professional management. This ability to plan for the long term, together with an exceptional team, has been decisive in our history.
A company that survives over 100 years can almost be considered an economic accident. The case of Banca March is especially noteworthy: we have reached our centenary with no changes in shareholding beyond generational transitions; we are more solvent and profitable than ever in our history, we lead the sector in perceived quality among our clients, and we have a young and ambitious project, with much still to be done.
We embark on our second century guided by our values: commitment, high standards, effort, integrity and ambition, and the strength provided by 100 years of responsible experience advising our clients.
In the era of digital transformation, and in order to lead this transformation, we are investing in people and technology more than ever, with the challenge of continuing to grow at double-digit rates in our strategic businesses: private banking and corporate advisory services, with a particular focus on those family businesses and entrepreneurial families that, like us, understand the value of legacy and a long-term vision.
We are backed by our shareholders' commitment, we have been advising our clients with a superior quality service for 100 years, and we have outstanding professionals. These pillars enable us to face the future with determination and a sense of history.
On this centenary, I would like to thank all those who have contributed, and continue to contribute, to this great project. The renewed confidence of our clients, together with the excellent work of our professionals, has allowed us to close an exceptional century and embark on a new stage with all the tools required for Banca March to keep reaching its most ambitious goals.
Juan March de la Lastra Chairman
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