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Banca March - Crecemos con valores, crecemos juntosNews

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Banca March strengthens its commitment to family businesses in the Canary islands

  • Banca March Chairman Juan March de la Lastra met with members of the Canary Islands Family Business Association (EFCA) in Tenerife and Gran Canaria.
  • At the event, held under the tagline "100 years as a family business in the financial sector", the bank's Chairman highlighted Banca March's unparalleled business model.

Banca March has close ties with both family businesses and the Canary islands – last year was the 30th anniversary of its launch in the region – and these ties were clearly reflected at the event, where a group of local family business leaders met with Banca March Chairman Juan March de la Lastra. The event was organised by Banca March and the Canary Islands Family Business Association (EFCA).

The event clearly evidenced the impressive vitality of family businesses in Spain and Banca March's close involvement and engagement with family businesses and entrepreneurial families. Family businesses in the Canary Islands account for around 90% of the business landscape, which is in line with the proportion throughout the rest of Spain.

At the event, entitled "100 years as a family business in the financial sector", the Chairman of Banca March – who represents the fourth generation of the only wholly family-owned bank in the Spanish financial system – presented the bank's unique, inimitable business model, intended to position Banca March as the bank of choice for family businesses and entrepreneurial families in Spain. “Our unique identity means we are highly specialised in family businesses and entrepreneurial families, and we have a strong footprint in the Canary islands. We are now positioned, thanks to the bank's own merits and the outstanding welcome we have received in the Canary islands right from the outset, as one of the leading players in the local financial sector. In line with our philosophy of prudent, long-term management, our business model - which is underpinned by robust financial ratios - seeks to afford our customers access to the best specialist advice in private banking, business banking and wealth management,” Juan March de la Lastra explained.

Manuel del Valle Lopera, Deputy Chair of the EFCA, emphasised the importance of hearing first-person accounts from leaders of family business spanning several generations, as they help to enhance knowledge and provide solutions to the everyday challenges facing family businesses in the Canary islands. “Events where the key speakers can share their own backgrounds as part of family companies are a practical, effective way to achieve the goals of helping family businesses to survive and thrive, which is a crucial part of what this Association does,” he added.

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