News

The assets managed by Banca March in Discretionary Portfolio Management (GDC) increased by 71.5% year-on-year, reaching 1,722 million euros at the end of June 2021.

The volume of premiums marketed during the first half of 2021 by March Vida, the life insurance company of the Banca March Group, amounted to 317.8 million euros, representing a growth of 20.9% compared to the same period of the year previous.

Banca March has been mandated as arranger of a new short-term fixed-income programme for García Munté Energía, S.L. for a maximum amount of 50 million euros.

The sponsorship deal underscores Banca March's firm commitment to the Canary Islands and to the region's economic and social recovery.

Banca March goes one step further to automate its sales management processes and enhance the customer experience by using Marketing Automation solutions.

Banca March has signed a partnership with the IE Foundation of IE University, through the IE Center for Families in Business, to foster academic learning and promote the sustainability strategies that the Spanish family-owned business pursues.

Banca March has received AENOR certificates for its COVID-19 protocols at all of its branches and central services, ensuring that effective measures are being applied continually.

It has renewed the cooperation agreement with the Canary Islands Confederation of Employers (CCE).

The consolidated profit of Banca March increased 19.4% to reach €20 million in the first quarter, with an increase in the group revenue for providing services of 7.8%, while the gross and operating margins increased 2.6% and 3.7%, respectively.