industry banking financial services founded 1926 headquarters av . d alexandre rossell 8 07002 palma de mallorca area served spain mainly the balearic and canary islands key people carlos march chairman francisco verd ceo products retail banking commercial banking investment banking investment management private equity net income 148.3 m 2009 total assets 12.1 bn 2009 total equity chf7 834m 2009 number of employees 1 434 2009 subsidiaries corporaci n financiera alba slogan q esti de confian a a matter of trust website bancamarch.es banca march is a spanish bank headquartered in palma de mallorca . the bank was founded in palma de mallorca by juan march ordinas in 1926 . in the beginning its sphere of influence was limited to majorca but it eventually grew to be the leading independent bank in the balearic islands . in 1974 it initiated an expansion onto the spanish peninsula and in 1989 it began serious operations in the canary islands . at the beginning of the 21st century banca march has continued to expand its operations in the balearic and canary islands has begun operations in the tourist destinations of andalusia and is in the process of modernizing it offices in madrid barcelona and london . 2010 eu banking stress test exercise edit on july 2010 banca march came on top of the european union banking stress test exercise in terms of tier 1 capital ratio . according to the financial times while most scrutiny on friday focused on the seven banks of the 91 tested that fell short of the 6 per cent tier one capital ratio pass mark the exercise also shines the spotlight on the banks with the strongest capital positions . banca march with a stressed tier one capital ratio of 19 per cent is an anomaly in the spanish financial system . 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 . non performing loans account for 3.5 per cent of total assets compared with a system average of 5.5 per cent . as other spanish lenders grapple with offloading multi billion euro property portfolios acquired via foreclosures debt for equity and debt for equity swaps march is sitting on just 97m 125m of real estate . its only exposure to sovereign debt is 105m of spanish bonds . 1 see also edit list of investors in bernard l. madoff securities sabadell solbank references edit mark mulligan and patrick jenkins the safest bank financial times july 25 2010 ft.com this spanish bank or insurance related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title banca march & oldid 721495094 categories banks of spainbanks established in 1926spanish company stubseuropean bank stubshidden categories all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages catal deutschespa ol edit links this page was last modified on 22 may 2016 at 06 42 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view