Banca March further strengthens its territorial expansion by opening its first branch in Pamplona
23 October 2023 Category: Products
- The inauguration reflects Banca March's strategic commitment to the region and progress in the aim of positioning itself as the Spanish market leader in Private Banking and corporate advisory services.
- The branch is located on the 2nd floor of number 1 Calle Yanguas y Miranda, an emblematic area of the capital of Navarre
Banca March opens a new branch at 1 Calle Yanguas y Miranda, premises 3, 2nd floor. This is a temporary branch while the bank works on the opening of a business centre at street level, reflecting Banca March's differential business model. This new branch, which joins the one opened in Murcia in June, is in line with the guidelines included in the 2023-2025 Three-year Plan to expand Banca March's presence in strategic locations.
The opening of a branch in Pamplona reinforces Banca March's commitment to the region – the bank currently has branches in Bilbao, Vitoria, San Sebastián, Logroño and Zaragoza – and further strengthens its ambition to become the leading reference point in Spain in Private Banking, Wealth Management and Corporate Advisory Services, areas that are experiencing significant growth.
Turnover in Banca March's Private Banking and Wealth Management areas grew by 21% year-on-year and stood at €25 billion at the end of June, while assets under management increased by 31%. In Business Banking, where Banca March has consolidated its specialisation in advice, with a special focus on family businesses, the number of customers in June grew by 5% compared to the same period last year.
Ángel Martínez, Managing Director of Retail and Private Banking at Banca March, says: "We specialise in Private Banking and Corporate Advisory Services, with a particular focus on family businesses, enterprises and entrepreneurs. With this new branch opening, we seek to expand our differential business model to become the leading bank in wealth management and in advising family businesses and business families in Navarre. For the time being, we have settled in a temporary branch, but we are working to find a definitive location that is in line with our unique and inimitable business model, based on leadership in solvency, responsible advice, reputational strength, quality of service, advisory technology and people management, with the best-trained professionals in Spanish banking".