Current news

• The result of Banca March's banking activity—excluding Corporación Financiera Alba—fell 18% to €88 million, due to the bank’s significant long-term investment aimed at addressing the challenges of technological transformation and cybersecurity. This investment is part of an €85 million plan for the year, 39% higher than in the same period last year. Consolidated profit—including Alba—stood at €87 million, a decrease of 26%.
• All banking activity parameters showed notable dynamism, driven by the specialised businesses of Private Banking, Wealth Management, and Corporate Banking. Banking resources grew 4%; lending increased 5%; assets under management rose 11%; and assets under custody grew 22%. The number of clients with assets over €500,000 —comprising the Private Banking and Wealth Management divisions, the bank’s strategic core— increased by 20%. This development led to a strong rise in fee income, which grew 13%.
• The decline in the Euribor during the first quarter affected the profitability of the large volume of banking resources Banca March maintains, in line with the bank’s high-solvency, prudent, and long-term business model —with a DTL liquidity ratio of 181.32%, compared with an average of 115.30% for the main banks in the sector. This resulted in a 17% drop in the net interest margin in the first half of the year but also demonstrates the bank’s strength in terms of solvency and its preparedness for future Euribor increases.
• The Personal Banking business, with a 15% increase in client numbers and an 18% rise in business volume, continues to act as a driver for the bank’s digitisation: 61% of clients are served through the Avantio digital office. The strong growth in this segment reflects clients’ positive reception of a distinctive remote personal banking model—80% of business is already managed remotely, and this will reach 100% by the end of the year—and its product offering.
• Corporate Banking business volume increased by 15%, reflecting the bank’s consolidation as a specialist in corporate advisory, with a particular focus on family-owned businesses.
• In the Balearic Islands, where the bank has maintained a strong presence since its founding in Palma de Mallorca in 1926, business showed notable dynamism, with investment up 5%, assets under management rising 19%, and securities increasing 25%.
• Banca March maintains its leadership in solvency, with the highest CET1 ratio among Spanish banks (25.45%) and a long-term deposit rating upgraded by Moody’s to A1, the highest rating in Spain, with a stable outlook.
• Credit quality continues to be reflected in one of the lowest non-performing loan ratios in the sector, 1.31% as of June this year, less than half the sector average (2.97% at the same date).

 

Plan to accelerate the technological revolution and address cybersecurity challenges

Banca March has embraced the challenge of digital transformation with a strategic vision in which technology is becoming increasingly important in the financial sector. This is reflected in its commitment to an annual level of spending and investment in technology and digitisation, which has accelerated this year to meet the challenges posed by the current financial revolution and new cybersecurity demands. By June, the bank had allocated €85 million for these purposes, 39% more than in the same period last year. These investments are in addition to those made in previous years.

In 2024, spending reached €59 million (16% more than in 2023), representing 10.11% of the bank’s gross margin, above the sector average of 8.1%, according to an Accenture report. Between 2020 and 2024, total spending and investment amounted to €246 million.

Banca March is now a fully omnichannel bank, allowing clients to choose how they interact with the bank. Eight out of ten clients in Banca March’s specialised areas (Private Banking, Corporate Banking, Wealth Management, and Large Corporates) regularly use remote channels for the majority of their operations. In addition, March Bróker’s revenues grew by 19% in 2024. Banca March is consolidating its leadership in advisory technology, with Avantio serving as the main driver to provide high-quality service to digitally-savvy clients comfortable with technological advances.

Dynamism in Personal banking

Following the momentum of previous years, Personal Banking also stood out, with a 15% increase in client numbers and an 18% rise in business volume, continuing to act as a driver for the bank’s digitisation: 61% of Personal Banking clients use the Avantio digital office.The strong growth of this segment reflects clients’ strong acceptance of a distinctive remote personal banking model—currently, 80% of business is conducted remotely, reaching 100% by the end of the year—and its product offering, which combines competitive deposits with attractive advisory products, as evidenced by a 17% increase in assets under management in the segment.

Co-investment, a hallmark of Banca March

Co-investment is a hallmark of Banca March, and the institution is a pioneer in its commitment to alternative assets, with over 20 years of experience providing investment strategies shared with its clients. Banca March’s co-investment model is unique and non-replicable in the market, allowing clients to invest in the same products as the bank, building long-term relationships aligned with their interests.

In the case of illiquid co-investment, Banca March covers a variety of illiquid asset types (venture capital, private equity, private debt, real estate, and infrastructure) carefully selected by the bank to offer an investment alternative in growth sectors. This serves as an excellent complement that avoids volatility and economic uncertainty. In this way, Banca March provides its clients with the opportunity to invest in strategies that would otherwise only be accessible to large investors.

Since 2008, Grupo Banca March has committed over 3.9 billion euros in illiquid assets together with its clients, achieving a twofold return multiple on projects in the real economy. During this period, more than 3,900 co-investors have participated alongside the bank in various investments. The most recent example is Verisure, a company in which Banca March clients participated as co-investors, and which recently began trading on the Stockholm Stock Exchange, marking the largest European IPO of the year.

Delegated solutions: active management as a key differentiator

Expert advisory is one of the cornerstones of Banca March’s specialisation. Delegated solutions enable the bank to implement the most strategic and tactical vision of the Markets Committee in an agile, active, and diversified manner. The delegated solutions managed by a team of specialists adhere to a management philosophy based on four pillars: prudence, aiming to protect capital over the long term; diversification; active management; and long-term planning. Assets in Discretionary Portfolio Management reached €2.5 billion, representing 16% growth as of June 2025.

Corporate advisory specialist, with a focus on family-owned businesses

Banca March continues to consolidate its position as a specialist in corporate advisory, with a particular focus on family-owned businesses. Business Banking business volume increased by 15% in 2024. In Corporate Banking, within the capital markets activity, the bank maintains its leadership in the commercial paper segment, with an outstanding balance of MARF commercial paper distributed by Banca March of €2.421 billion as of June 2025, equivalent to 46% of the total market. As a registered advisor, Banca March ended the half-year as a clear leader, with a 67% market share (56 of the 84 active MARF programmes as of June). Considering other short-term debt markets, the bank ranks first among registered advisors/arrangers and distributors of short-term debt for Spanish corporate issuers, having participated in a total of 71 programmes (56 MARF commercial paper and 15 ECP in Ireland, AIAF, and STEP).

High profitability with a high level of solvency

Banca March’s capacity to generate its own resources is reflected in its solvency ratio, the highest among Spanish banks: as of 30 June 2025, the CET1 ratio stood at 25.45%, compared with an average of 13.77% for the main banks in the sector.On 2 October, the credit rating agency Moody’s upgraded Banca March’s long-term deposit rating to A1 with a “stable” outlook, keeping it among the highest-rated institutions in the Spanish financial system, ahead of the Kingdom of Spain (currently A3).According to Moody’s, the rating upgrade “underscores the bank’s exceptionally high capital ratios and strong asset quality”. The rating agency also noted that it “reflects improved profitability and robust liquidity, supported by a broad deposit base and liquid assets”.

Banca March maintains one of the lowest non-performing loan ratios in the Spanish financial system without resorting to the massive sale of NPL portfolios at a discount: 1.31%, compared with a sector average of 2.97%, according to the latest data from the Bank of Spain. Liquidity ratios —LCR (224.86%) and DTL (181.32%)— and coverage for doubtful risks (71.22%) are among the highest in the sector.

Maximum client satisfaction: the most trusted bank

Excellence in service quality is one of the cornerstones of Banca March’s business model, and client feedback is monitored continuously. According to the Customer Satisfaction Benchmarking in the financial sector, prepared by the independent consultancy Stiga CX for 2024, Banca March cements its position as the bank customers trust most, with a score of 8.59 out of 10 —more than a point above the sector average of 7.26.

The bank also retained first place in 2024 for perceived solidity and solvency, scoring 9.01, one point above the sector average, as well as in branch satisfaction (9.1 vs. 7.97) and personalised service, with 8.02 points —two points higher than the average.

In addition, Banca March ranked first in incident resolution, with a score of 5.74, compared with a banking sector average of 4.73. It also ranked among the top positions in overall satisfaction with the bank, satisfaction with relationship managers, online banking, telephone banking, ATMs, social commitment, and customer information, coming very close to first place in each category.

International recognition as a great place to work

Banca March has established itself as the leading training school for private banking and corporate advisory managers and is recognised as one of the best places to work in Spain, with a talent management model based on specialisation and training, and an investment in staff development that is nearly three times the sector average.

As with its focus on customer service quality, Banca March subjects its People model to audits by the leading international consultancies specialising in human resources management. During the current year, Banca March was again ranked the second-best company to work for in Spain in the category of companies with more than 1,000 employees, and the only bank included in the Best Workplaces Spain 2025 ranking, compiled by the independent consultancy Great Place To Work®.The consultancy issues its certifications based on questionnaires conducted among the bank’s professionals and on an audit that evaluates the people management practices and policies in place. According to the study, 91% of Banca March employees say they are proud to work for the bank, 92% are proud of its achievements, and 94% state that the bank maintains the highest standards in customer service.

In addition, Banca March has ranked on the podium of the “100 Best Companies to Work for in Spain” by Actualidad Económica for four consecutive years, placing third in this year’s edition.

In the first months of the year, Banca March obtained the Top Employer certification for the seventh consecutive year and the Great Place To Work® certification for the sixth consecutive year.

At Banca March, 15% of staff now come from its Talent Programme, launched in 2013. The bank recruits a significant portion of its professionals directly from university to develop a unique model where the client is always central, with a long-term career plan aligned with its corporate philosophy. Through its Talent Programme, Banca March seeks to nurture the development of its professionals within its corporate culture and areas of specialisation, whilst fostering a connection with its core values.

BANCA MARCH - GRUPO CONSOLIDADO

CUENTA DE PÉRDIDAS Y GANANCIAS	30/06/2025	30/06/2024	Variación
			Importe*	%
Margen de intereses	182,2	208,6	-26,4	-12,7%
Margen bruto	327,6	339,3	-11,7	-3,4%
Resultado de la actividad de explotación	160,6	160,6	-41,1	-25,6%
Resultado del ejercicio	86,6	117,6	-41,1	-26,4%

*Importe en millones €    

BALANCE	30/06/2025	30/06/2024	Variación
			Importe*	%
Préstamos y anticipos	9.911,8	9.003,1	908,7	+10,1%
Recursos totales	16.901,0	15.622,4	1.278,6	+8,2%
Depósitos de la clientela	14.017,5	12.947,1	1.070,4	+8,3%
Patrimonio neto	2.629,5	2.398,3	231,2	+9,6%
Total activo	23.559,3	21.440,9	2.118,4	+9,9%

 

Principales ratios

Mora	30/06/2025	30/06/2024
Ratio de mora	1,31%	1,81%
Ratio de cobertura	71,22%	51,89%

Capital	30/06/2025	30/06/2024
Ratio de solvencia	25,45%	20,93%
Tier 1	25,45%	20,93%