ANNUAL REPORT 2023

We foster the growth of people and their projects in a responsible manner, this is the essence of Joint Growth

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Chairman’s statement

“The transformation process that Banca March began just six years ago is bearing fruit, thanks to a highly qualified and committed team that aspires to be the benchmark in Spain in advising individuals and companies.“

Juan March de la Lastra

Chairman

2023, the cycle is extended

We are leaving behind a year characterized by the resilience of the cycle and the slowdown in inflation. Despite the energy crisis and sharp rate hikes, the world economy grew by +3%, just 3 tenths less than in the previous year.

World GDP Forecasts

World GDP

Historical average

We are
Banca March

Banca March is currently the parent of one of Spain’s leading financial groups and the only Spanish financial institution that has been wholly family-owned since its inception.

We are Banca March

100%

family-owned

97

years of history

110

branches

1,734

employees

The Group’s business

In 2023, Banca March reported a profit of €326 million driven by the growth of banking activity and the acquisition of new customers in specialist areas.

The Group’s profit

€326.3M

+102.2% vs 2022

CET1 capital adequacy ratio

21.26%

Private Banking and Wealth
Management turnover

€25.9B

+10.5% vs 2022

Your opinion matters

This report has been designed to help foster a dialogue. Please share your views on the report itself and on other aspects of sustainability by emailing sostenibilidad@bancamarch.es