Banca March to facilitate access to alternative financing for Malaga-based family businesses
23 marzo 2023 Categoría: General
- The bank held an event with the Andalusian Family Business Association (AAEF) to talk about the various types of financing offered by Banca March, the most solvent bank in the Spanish financial system with CET 1 capital ratio of 17.66% and the lowest NPL ratio in the sector at 1.23%.
- Banca March's Corporate Banking activity is highly specialised in alternative financing, direct lending, customised treasury solutions and risk hedging. Assets under management in Business Banking were up by 22.1% in 2022 and customer numbers were up by 7.9%.
- Banca March has three branches in Malaga and is currently finalising the launch of a business hub in the city's Alameda Principal. Malaga accounts for 45% of Banca March's business volume in Andalusia, which stood at almost €1.3 billion, up 36% year on year.
Banca March is to facilitate access to alternative financing for Malaga-based family businesses. This was one of the conclusions of the event Creating Synergies, organised in partnership with the Andalusian Family Business Association (AAEF) at the Hotel Vincci Selección Posada del Patio in Malaga.
The event offered a platform to showcase the various types of financing available to the city's business leaders to strengthen and expand their businesses, all with the backing of Banca March, the most solvent bank in the Spanish financial system with CET 1 capital ratio of 17.66% and the lowest NPL ratio in the sector at 1.23%.
Luis Ordóñez, Director of the Capital Markets and Syndicated Financing Unit at Banca March, spoke at the event about alternative financing mechanisms and products to traditional bank financing, including both short-term instruments like commercial paper and eurocommercial paper programmes, and medium and long-term instruments, such as bond issuances and private debt placements with institutional clients. “Alternative financing should be considered as a complement to bank financing rather than a euro-for-euro replacement to financing offered by banks,” said Ordóñez. Banca March is a leading provider of these complementary financing options for family businesses with a solid track record dating back to 2014, when it created its Corporate Banking Area.
Andrea Ortega, Director of the Asset Financing Solutions Unit at Banca March, talked about the kind of specific asset financing transactions the bank undertakes, allowing companies in strategic sectors to secure alternative sources of funding and delivering compelling returns for investors in these transactions.
Javier Parreño, Director of the M&A Unit at Banca March, presented the bank's advisory services for corporate transactions, highlighting some of the key M&A deals Banca March has worked on as a specialist advisor to family businesses. However, Parreño went on to highlight the need for Spanish companies to grow to generate value for their shareholders. “One of the best ways for a company to grow is through inorganic growth, as long as it generates operating synergies and allows the company to step up its expansion plans.” Despite the current landscape, Parreño added, “Spanish family businesses have the opportunity for acquisition-based growth; there is still liquidity available through private capital funds, which are available to family companies to facilitate their growth”.
Committed to Malaga
Banca March has three branches in Malaga and is currently finalising the launch of a business hub in the city's Alameda Principal. Malaga accounts for 45% of Banca March's business volume in Andalusia, which stood at almost €1.3 billion at the end of December 2022, up 36% year on year. It also accounts for 58% of the bank's Private Banking customers in the region and 55% of its Business Banking customers.
Banca March is the only Spanish bank featured among the best places to work in Malaga, Spain and Europe, according to the rankings compiled by Great Place To Work®, one of the world's most prestigious consultants in the field of talent and people management.
Carlos Carrasco, Director for the Andalusia region at Banca March, said: “Malaga is a core component of our development plan, given its enormous economic potential, its impressive capacity to attract investment and its privileged global position. Malaga currently represents 21% of the Andalusian economy and Banca March wants to continue to support this strong economic development by offering individuals and companies the best Private Banking products and providing specialist advice delivered by the best professionals”.