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Banca March and IVEFA sign an agreement to promote family businesses in the Valencian Community

06 May 2021 Category: Agreements

The agreement was signed by Carlos Muro, Head of Wealth Management for the Levante Region at Banca March, and Francisco Vallejo, Chairman of IVEFA.

  • This agreement reiterates Banca March's commitment to the Valencian Community and its family businesses.

Banca March and the Instituto Valenciano para el Estudio de la Empresa Familiar (IVEFA), the Valencian Institute for family business studies, have signed a partnership agreement for a closer relationship and to join efforts, and leverage and strengthen existing contacts and partnerships between the organisations. 

The agreement was signed by Carlos Muro, Head of Wealth Management for the Levante Region at Banca March, and Francisco Vallejo, Chairman of IVEFA. 

The aim of the agreement is to help to strengthen family business in Valencian society, publicise their importance as a source of wealth and employment -family businesses in the Valencian Community make up an estimated 90% of the business landscape- promote academic research into the specific challenges facing this sector, and foster and leverage existing synergies between the financial and business sectors. 

After the agreement was signed, Carlos Muro expressed his satisfaction and emphasised Banca March's inimitable business model, intended to position the only wholly family-owned bank in the Spanish financial system as the bank of choice for family businesses and entrepreneurial families in Spain: "We are an unlisted family-owned bank, with no conflicts of interest and almost 100 years of history. We are specialists in wealth management and in advising corporates, family businesses and entrepreneurial families, specialising particularly in alternative financing, direct lending, customised treasury solutions and risk hedging. Our business model, unparalleled in the Spanish financial system, has been clearly evidenced in the complex current climate for all companies and particularly family businesses, offering solutions that extend beyond purely banking services. Thanks to this business model, Banca March enjoys robust financial and capital ratios, reaching first place in the Spanish banking sector with regard to capital adequacy (closing 2020 with a CET 1 of 18.43%) and the bank with the lowest NPL ratio in Spain. All this, together with the excellence in service and our inimitable range of co-investment products, is causing more and more savers and investors to place their trust in us, leading us to become the undisputed leader in family business financing in Spain". 

Francisco Vallejo, Chairman of the IVEFA, highlighted the importance of these types of agreements to collaborate with Valencian family businesses. "For us, signing with a bank with family origins is an example of the importance that this type of business has for the economy. We are convinced that this will mean significant support, given its banking experience and history", said Vallejo.

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