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At Banca March, we want to keep you always informed, and this section gives you the opportunity to find out whatever you want to know about.

12/05/2017

World Finance names Banca March Best Private Bank in Spain 2017

  • These awards, conferred by the specialist economy and finance journal, are bestowed upon the world’s leading financial institutions. 
  • World Finance chose Banca March for the solidity of its business model of private banking and asset management.

The international publication World Finance has named Banca March the Best Private Bank in Spain 2017. Following an exhaustive analysis of the Spanish banking industry, the panel of judges decided in favour of Banca March’s solid business model of private banking and asset management.

This is the eighth consecutive year in which Banca March has received this accolade, which is bestowed upon the world’s leading financial institutions. The panel were particularly impressed by Banca March’s private banking activities and the solidity of its business model, which is underlined by its consistent financial ratios. Banca March boasts one of the industry’s highest solvency ratios (18.9% as of September) and lowest delinquency ratios (3.46%). Moreover, its liquidity level of 114.8% is among the highest in Europe, which allows the bank to continue growing without the need for external funding. The strength of Banca March’s value proposition has also been recognised by the credit rating agency Moody’s, which raised the bank’s long-term debt rating to A3 last May. This is the highest rating achieved by any Spanish financial institution.

The solid growth of Banca March’s private banking and asset management activities also helped the panel to decide in the bank’s favour. These activities form the central plank of Banca March’s current Strategic Plan and underpin its aspirations to become a benchmark for the Spanish market. Private banking and asset management activities showed strong growth throughout the first nine months of 2017, even exceeding the bank’s own targets. The number of customers in this segment increased by 18.7% in comparison to the same period in 2016, turnover increased by 13.4%, while off-balance-sheet funds grew by 15.9%.

José Luis Acea, the CEO of Banca March, had the following to say: “This award acknowledges the consolidation of our specialist business model for private banking in Spain, which is underpinned by our turnover and the trust placed in us by many customers who are looking for safe, personalised advice. This particular segment is the focus of Banca March’s strategic objective, and represents an area in which we aim to become a benchmark thanks to our sound balance sheet, collective investment products and excellent customer services.”

Banca March’s eighth consecutive World Finance Banking Award joins the other accolades it has received on previous occasions, such as the title of Best Private Bank in Spain at The European magazine’s Global Banking & Finance Awards. Banca March won this award in 2014, 2015, 2016 and 2017. Moreover, at the IAIR Awards in 2013 and 2014, Banca March was named the Best Private Bank in Europe for Sustainable Growth.

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