2024 FINANCIAL AND NON-FINANCIAL REPORT

2024 Financial and
Non-financial Report

Our century-old philosophy of Shared Growth reflects our commitment to protecting our clients' wealth and delivering responsible returns that generate a positive impact on clients, employees, shareholders and the society we serve.

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Chairman’s statement

“The year 2025 will hold abundant challenges and opportunities. We want to grow in qualified clients, with professionals that can deliver our global value proposition to current and potential clients and in turn, increase the bank’s profitability“.
Juan March de la Lastra
Chairman

We are
Banca March

Banca March is the parent company of one of Spain’s leading financial groups and the only bank that has been 100% family-owned since inception.
100%

family-owned

98

years of history

104

offices

1.789

professionals

A unique, non-replicable business model built on four pillars

Shareholder commitment

Specialist advice

Outstanding quality service

Excellent professionals

A benchmark in sustainable growth

Banca March’s sustainability strategy covers environmental, social and governance (ESG) areas, with specific goals in each to ensure a positive impact on its surroundings.
In addition, given the potential risks associated with digitalisation, cybersecurity has become a strategic priority for the bank.
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Environmental commitment

  • Signatories to the UN Global Compact and the Collective Commitment to Climate Action (COP25) of Spanish banks.
  • First Spanish bank to implement a sustainability rating methodology for mortgage collateral (real estate climate rating).
  • Measurement and publication of Scope 1, 2 and 3 carbon emissions. 100% of reported emissions offset through re-forestation and renewable energy initiatives.
  • Clear decarbonisation targets for 2030 and 2050.

Social commitment

A great place to work

Promoting an organisational culture built on the values of commitment, trust, and transparent communication. This focus is key to aligning people management with the bank’s Shared Growth philosophy and to fostering a motivating professional experience.

91%

of professionals proud to work at Banca March

178.776

hours of training delivered

Social initiatives

  • Promotion of financial education in schools and among vulnerable groups in collaboration with Junior Achievement Foundation and Randstad Foundation.
  • Solidarity account to help alleviate the impact of extreme flooding in Valencia.
  • Member of RedEWI (Empower Women in Insurance), supporting female leadership in the insurance sector.

 

Governance

All companies under the Banca March Group are governed by stringent internal conduct and organisational standards, in line with supervisory and regulatory requirements.

Cybersecurity

  • Robust technological infrastructure to ensure maximum data protection and prevent identity theft affecting clients or professionals.
  • In 2024, Banca March launched a new training space within its Online Banking platform, featuring information and best practices for online security.

Business performance

Banca March increased banking profit by 8% in 2024, to a record €239 million. This growth was driven by an increase in revenues and customer numbers in the bank’s specialist areas, evidencing the strength of Banca March’s business model, specialising in private banking and corporate advisory.

Group consolidated profit

€238.2million

-26,7% YoY

CET1 solvency ratio

22.21%

Private and Wealth Banking business volume

€31billion

+13% YoY

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