Banca March Meaningful Investments and Business Model

Banca March is a leading financial institution in Spain, with a strong focus on meaningful investments and a unique business model. They have a long history of innovation, dating back to 1926.

Their commitment to meaningful investments is evident in their approach to wealth management, where they prioritize long-term growth over short-term gains. This approach has earned them a reputation as a trusted partner for high net worth individuals and families.

Banca March's business model is built on a foundation of stability and security, with a strong emphasis on risk management and financial planning. This approach has allowed them to weather economic downturns and maintain their position as a leading financial institution in Spain.

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Banca March is a unique financial institution that stands out from the rest. We're a 100% family-owned entity, proud of our Balearic origin and history dating back to 1926.

Our commitment to customers is unparalleled, as evident from our co-investment approach. This sets us apart and showcases our dedication to making a difference in the lives of our clients.

We've been recognized for our efforts, leading the way in overall satisfaction according to the Benchmarking report on customer satisfaction in the financial sector.

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We're a 100% family-owned entity of Balearic origin, with a rich history dating back to 1926. Our commitment to customers is unparalleled, as evident in our industry-leading customer satisfaction ratings.

Our unique value proposition is built around co-investment, which allows us to create meaningful projects that resonate with our customers. We're proud to be a leader in overall satisfaction, according to the Benchmarking report on customer satisfaction in the financial sector.

Astadia Europe successfully migrated our complex application system, which had a structure of 7 million lines of COBOL and ADS, into ten separate clusters. This migration was a significant undertaking, but it paved the way for our continued growth and innovation.

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Corporación Financiera Alba is a publicly-listed subsidiary of Banca March, co-chaired by Juan March y Delgado and his brother Carlos.

Its shares include a diverse portfolio of companies across various sectors.

Acerinox, a leading steel company, holds 19.35% of Alba's shares.

BME, the Spanish stock exchange operator, owns 12.06% of Alba's shares.

CIE Automotive, a multinational automotive supplier, has a 10.15% stake in Alba.

Indra, a technology company, holds 10.52% of Alba's shares.

Ebro Foods, a leading food company, owns 14% of Alba's shares.

Euskaltel, a telecommunications company, has an 11% stake in Alba.

Naturgy, a energy company, holds 5.36% of Alba's shares.

Viscofan, a company specializing in cellulose products, owns 13.03% of Alba's shares.

Securitas Direct, a security company, has a 6.14% stake in Alba.

Parques Reunidos, a leading theme park operator, holds a significant 24.98% of Alba's shares.

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Banca March's shareholders are the March family members, with four siblings jointly controlling 100% of the bank's share capital. Juan, Carlos, Gloria, and Leonor March y Delgado each hold a 25% stake.

Their family ties also extend to Corporación Financiera Alba, where they jointly control 66.7% of the company with Banca March.

Banca March, S.A. is controlled by the 4 children of Juan March y Servera, who jointly own 100% of its share capital.

Juan March y Servera's children, Juan, Carlos, Gloria, and Leonor March y Delgado, each hold a significant stake in the company.

Juan and Carlos each own 33.3% of the company, while Gloria and Leonor March y Delgado own 16.6% each.

Banca March, S.A. and its shareholders jointly control 66.7% of Corporación Financiera Alba.

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In 2010, the European Union conducted a banking stress test exercise that put several banks to the test. Banca March emerged on top, boasting a Tier 1 capital ratio of 19 percent.

This impressive ratio is all the more remarkable considering the bank's unique status as a family-owned institution. It's not a caja or a stock market-listed lender, but an 84-year-old bank and equity investment group based on Mallorca.

Banca March has a small branch network that caters mainly to wealthy clients, business families, and companies. Its focus on one-stop retail and corporate banking, asset management, and financial products has allowed it to maintain a relatively low non-performing loan ratio of 3.5 percent.

This is in contrast to the system average of 5.5 percent. What's more, Banca March has a remarkably low exposure to real estate, with only €97m of property holdings. Its only significant exposure to sovereign debt is €105m of Spanish bonds.

Here's a brief overview of Banca March's profile:

Banca March has a strategic business model focused on private banking and large-cap stocks. This approach allows them to cater to high and ultra high-net-worth individuals.

The March Group has a two-pronged structure, consisting of 'Banking activity' and 'Investment activity'. This allows them to diversify their services.

Through Banca March and its related companies, they offer banking services such as asset management and insurance. This includes companies like March Gestión de Fondos and March Vida de Seguros y Reaseguros.

Their 'Investment activity' is managed through Corporación Financiera Alba, in which Banca March is the main shareholder. This gives them a significant stake in publicly-listed companies like Acerinox and Prosegur.

Banca March also participates in unlisted companies through its partnership with Deyá Capital.

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Finding your IBAN number is a crucial step in making international payments.

You can work out your IBAN number based on an example, but it's better to get it directly from your bank.

Logging into your online banking or checking your bank statement will give you the correct IBAN number.

Don't risk having your payment returned or sent to the wrong account by using an incorrect IBAN number.

If you're unsure, ask the recipient to provide the details you need.

If you're making or expecting to receive an international money transfer to a bank account in Spain, you'll need to provide an IBAN code.

IBANs are assigned by banks to each account to ensure international transfers are processed correctly. This system is used throughout Europe, and also recognized in some areas of the Middle East, North Africa, and the Caribbean.

To give you a better idea of what an IBAN looks like, here's an example of the IBAN for Banca March, S.A in Spain: ES9121000418450200051332.

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An IBAN consists of 24 characters, which include a 2-letter country code, 2-digit check number, 4 characters from the bank code, 4-digit code for the bank branch, 2-digit national code, and 10-digit code for the bank account number.

For instance, the IBAN for Banca March, S.A in Spain can be broken down into the following components:

Banca March's business model is primarily focused on private banking and large-cap stocks, catering to high and ultra high-net-worth individuals.

The company operates through two main activities: banking and investment.

Banca March's banking activity is carried out through various related companies, including March Gestión de Fondos, March Gestión de Pensiones, and March Vida de Seguros y Reaseguros.

Banca March is the main shareholder of Corporación Financiera Alba, which participates in publicly-listed companies such as Acerinox and Prosegur.

Corporación Financiera Alba also participates in unlisted companies through its reference shareholder status with Deyá Capital.

Banca March's investment activity is mainly conducted through Corporación Financiera Alba, which has a significant stake in several companies.

Here's a breakdown of Banca March's main activities:

Banca March prioritizes regulatory compliance to maintain its reputation and stay ahead of the competition. The bank's robust compliance framework ensures adherence to EU regulations, such as the Capital Requirements Directive (CRD) and the Payment Services Directive (PSD2).

Banca March has invested heavily in technology to enhance its compliance capabilities, leveraging data analytics to identify and mitigate potential risks. This proactive approach has allowed the bank to stay ahead of regulatory changes.

The bank's compliance team is comprised of experienced professionals who work closely with internal stakeholders to ensure that all business operations are aligned with regulatory requirements. They conduct regular audits to identify areas for improvement.

Banca March has a strong commitment to transparency and disclosure, providing clear and concise information to customers about their financial products and services. This transparency is essential for building trust and confidence with customers.

The bank's compliance framework is regularly reviewed and updated to reflect changing regulatory requirements and industry best practices. This ensures that Banca March remains a leader in regulatory compliance.

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Banca March has a nearly century-long history of creating new investment opportunities. This experience has allowed the bank to develop a strong track record.

The bank's solvency ratio is the best among the 20 largest Spanish banks by asset volume, with data as of 30/06/2024 from public sources. This indicates a high level of financial stability.

Banca March has consistently delivered strong financial results, with a net income result of €125.06 million at 31 December 2019, representing an 18.8% increase from the same period the previous year. Client banking resources increased by 5.5% during this time.

Banca March was founded in 1926 by Juan March Ordinas in Palma, Mallorca.

The bank's initial focus was on financing the business activities of its founder, with its area of influence limited to Mallorca at first.

Over time, Banca March expanded throughout the 20th century, becoming an independent bank in all of the Balearic Islands.

In 1974, the bank began its expansion in the Iberian Peninsula, marking a significant milestone in its growth.

By 1989, Banca March had started a significant implantation in the Canary Islands, further expanding its reach.

The bank's growth in the Balearic and Canary Islands in recent years has been complemented by expansion in Andalusia and Levante, as well as strengthening and modernizing its Madrid, Barcelona, and London offices.

The March family was a major shareholder of Banco Hispanoamericano, holding 5% of the equity, and also controlled a similar stake in Banco Popular Español.

Luis Valls-Taberner, chairman of Popular, refused a government-led merger with Banca March and Banco Hispanoamericano in the 80's.

The March family later negotiated the exit of banker Claudio Boada from Hispano and the purchase of Banco Urquijo, an operation that was closed in 1988 for 56 billion pesetas.

Banca March's Banco Urquijo was later sold to the Belgian financial group KBC for €350 million in two phases.

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Banca March has a remarkable track record of creating new investment opportunities, dating back nearly a century.

Their commitment to financial stability is evident in their impressive solvency ratio, which is the best among the 20 largest Spanish banks by asset volume, as of June 30, 2024.

Customer satisfaction is also a top priority for Banca March, with a benchmarking study conducted by STIGA CX showing that they have one of the highest customer satisfaction ratings in the financial sector in Spain.

Banca March's net income result at 31 December 2019 was €125.06 million, a significant 18.8% increase from the same period in the previous year.

This growth is a testament to the bank's financial stability and ability to perform well even in challenging times. The bank's client banking resources increased by 5.5% and disintermediation by 32.3%, bringing the assets managed in SICAV to €2.071 billion.

Banca March's delinquency rate stood at a relatively low 1.82% in December 2019, with a coverage of non-performing risks at 54.87%. This suggests that the bank has a strong risk management system in place.

The bank's solvency ratio was 16.15% in December 2013, and the group's tier 1 capital was 100%. This indicates that the bank has a solid financial foundation.

Banca March acquired 100% of Inversis Banco in 2013, becoming the sole shareholder.

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