Banca March

In recent years, at the beginning of the 21st century, the growth of the network in the Balearic and Canary Islands has been complemented with the expansion in the areas of Andalusia and Levante, in addition to strengthening and modernizing the Madrid, Barcelona and London offices.

The government of the Spanish Socialist Workers Party (PSOE) attempted a merger of both banks with the Marches as the architects of the operation.

The Marches later negotiated with banker Claudio Boada his exit from Hispano and the purchase of Banco Urquijo, an operation that was closed in 1988 for a price of 56 billion pesetas (€336.57 million at the time).

At present, Banca March is allegedly pursuing a deeper strategic business model mainly focused on private banking (high and ultra high-net-worth individuals), large-cap stocks and family offices.

The net income result attributed to Banca March, S.A. at 31 December 2019 was €125.06 million, 18.8% higher than the same period of the previous year.

In July 2010 Banca March came on top of the European Union banking stress test exercise in terms of Tier 1 capital ratio.

Neither caja nor stock market-listed lender, March is an 84-year-old family-owned bank and equity investment group based on Mallorca.A small branch network serves mainly wealthy clients, business families and companies looking for one-stop retail and corporate banking, asset management and financial products such as insurance and pensions.

The Banca March logo used until 2014
A former branch of Banca March in Barcelona , Spain