August 18, 2017 11:19 PM ET

Banks

Company Overview of Banca March S.A.

Company Overview

Banca March, S.A., through its subsidiaries, provides various banking and financial services to family businesses, entrepreneurs, and high net worth individuals primarily in Spain. It operates through Wealth Management, Private Banking, Retail Banking, and Corporate Banking business units. The company offers demand and time deposits, repurchase agreements, insurance-based savings plans, commercial bills, mortgage and other collateral loans, term loans, demand and miscellaneous loans, finance leasing, and reverse repurchase agreements. It also provides wealth management services, such as discretional portfolio management, investment funds, SICAVs, structured products, financing, traditional b...

Avenida Alexandre Rosselló nº8

Palma de Mallorca,  07002

Spain

Founded in 1926

1,906 Employees

Phone:

34 971 77 91 27

Key Executives for Banca March S.A.

Chief Executive Officer and Executive Director
Chief Financial Officer, Chief Operating Officer and General Manager
Executive Vice Chairman and Executive Vice President
Director General of Wealth Management
Director General of March Vida
Compensation as of Fiscal Year 2017.

Banca March S.A. Key Developments

Government Mulls Sale Of Four Banks

Italy's economy minister met with senior Italian bankers and the Bank of Italy governor to try to push forward with a sale of Banca March S.A., Banca Popolare dell'Etruria e del Lazio - Società Cooperativa, CariFerrara and Banca Popolare dell'Etruria e del Lazio - Società Cooperativa. The meeting comes just days after a deadline to sell the banks was extended for a second time. "There is only one item on the agenda; how to find a solution for the four banks," a source, who declined to be named as the talks are private, said. Economy minister Pier Carlo Padoan called the meeting with Intesa Sanpaolo S.p.A. (BIT:ISP), UniCredit S.p.A. (BIT:UCG) and Unione di Banche Italiane S.p.A. (BIT:UBI)and Banca d'Italia SpA Governor Ignazio Visco. The Bank of Italy rejected bids from private equity funds over the summer because they were too low, the sources said.

Banca March in talks to buy back 49.99% of Banco Inversis

Banca March S.A. plans to buy back 49.99% stake in Banco Inversis Net SA from Sociedade Comercial Orey Antunes SA (ENXTLS : ORE). The potential deal would come six months after Banca March sold the 49.99% stake in Inversis to Orey for €21.74 million.

Banca March SA Announces Management Changes

Banca March SA appointed José Luis Acea Rodríguez CEO as part of a series of management changes. Rodríguez was previously general director and director of corporate banking. He succeeds José Nieto de la Cierva, who will take on other responsibilities within the group while continuing as chairman of Banco Inversis SA and director at Ebro and Corporación Financiera Alba. José Manuel Arcenegui Linares, currently director of M&A, will become director of corporate banking, and Francisco Salas Ruíz, territorial director of high-net-worth banking for Madrid, was named director of high-net-worth banking. Rita Rodríguez Arrojo, who is general director and human and intangible resources manager, was appointed executive vice president of the bank, while Ángel Martínez Marañón, currently external communication and quality unit director, was named director of commercial and private banking.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 29, 2016
Sistema 4B S.A.
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